Piper Jaffray is out with its report today on Werner Enterprises WERN, lowering its PT from $32 to $29.
In its report, Piper Jaffray writes, "Reiterate our Overweight rating; lowering our PT to $29, based on 16.0x P/E on our 12 month forward 2012-2013 blended EPS of $1.79."
Shares of WERN closed Monday at $22.14
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