Werner price target lowered to $42 from $46 at Baird

Baird lowered the firm’s price target on Werner to $42 from $46 and keeps an Outperform rating on the shares. The firm said consistent with truckload peers, the company reported a larger Q1 EPS miss but they remain buyers of the shares as they believe the industry is at the bottom of the cycle, sentiment is negative and the earnings inflection is on the horizon.