Werner price target lowered to $42 from $43 at Susquehanna

Susquehanna lowered the firm’s price target on Werner to $42 from $43 and keeps a Neutral rating on the shares. The firm updated its model on the back of its broader 2024 outlook. Their valuation methodologies remain unchanged for the truckload-related group, as they use long-term avgerage P/E’s to capitalize 2025E forecasts that anticipate meaningful year-over-year recovery from a deep 2023-24 trough.