Werner price target lowered to $40 from $42 at Stephens

Stephens analyst Daniel Imbro lowered the firm’s price target on Werner to $40 from $42 and keeps an Equal Weight rating on the shares after the company reported a weaker than expected Q1, similar to other truckload peers. Rate pressures continue to challenge results and the firm expects one-way revenue/mile will remain negative year-over-year in Q2, with a more competitive dedicated rate backdrop driving near-term losses, the analyst tells investors.