UPDATE: Credit Suisse Reiterates Neutral Rating, Raises PT on Werner Enterprises as Freight Market will Remain Tight in '15

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In a report published Friday, Credit Suisse analyst Allison M. Landry reiterated a Neutral rating on
Werner EnterprisesWERN
, and raised the price target from $26.00 to $31.00. In the report, Credit Suisse noted, “Our FY15 and FY16 EPS estimates rise to $1.60 and $1.78, from $1.53 and $1.67, respectively. We are also introducing our FY17 estimate of $1.90. Our DCF-derived target price is $31 (from $26), primarily on account of higher base year (2016) EBIT.” Werner Enterprises closed on Thursday at $29.25
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Posted In: Analyst ColorPrice TargetAnalyst RatingsAllison M. LandryCredit Suisse
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