Werner price target raised to $50 from $40 at Wells Fargo

Wells Fargo analyst Allison Poliniak-Cusic raised the firm’s price target on Werner to $50 from $40 and keeps an Equal Weight rating on the shares. Consistent with peers, Werner talked to current challenges persisting through the first half of the year and a likely improvement in the second half of the year freight demand. Wells believes that the recent share increase, up 14% year-to-date versus the S&P 500 up 7%, encompasses that optimism and remain on the sidelines.