BofA analyst Ken Hoexter lowered the firm’s price target on Werner to $34 from $35 and keeps an Underperform rating on the shares. The firm lowered its truckload Q1 EPS estimates 11% on average and 2024 EPS estimates 8% on average, citing demand, rate, and margin pressure from the elongated freight downcycle.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WERN:
- Truck stocks under pressure as Barclays gets more bearish on the space
- Crocs initiated, Bill downgraded: Wall Street’s top analyst calls
- Werner downgraded to Equal Weight from Overweight at Barclays
- Werner price target lowered to $35 from $40 at Susquehanna
- Werner Enterprises Board Member Resigns Amid Disagreements
