Market Overview

UPDATE: Sterne Agee Downgrades Werner Enterprises to Neutral on Tougher Environment

Related WERN
Earnings Scheduled For April 19, 2018
Where AI, Data, Blockchain Fit In The Trucking Industry
Operating income rises at Werner Enterprises (Seeking Alpha)

Sterne Agee reduced its rating on Werner Enterprises (NASDAQ: WERN) from Buy to Neutral and lowered its price target from $28 to $25.

Sterne Agee noted, "Readthroughs from 2Q trucker reports and anecdotal conversations imply a tougher road ahead for organic growth in the truckload space. While WERN is one of the best pure operators in the space, relying solely on organic growth opportunities could lead to disappointing growth in EPS. Unlike other truckers who might make use of their balance sheet to create growth, WERN is likely to underperform."

Werner Enterprises closed at $23.80 on Monday.

Latest Ratings for WERN

Apr 2018Credit SuisseMaintainsNeutralNeutral
Apr 2018Stifel NicolausReinstatesBuy
Apr 2018Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for WERN
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Downgrades Intraday Update Analyst Ratings


Related Articles (WERN)

View Comments and Join the Discussion!