Werner price target raised to $53 from $43 at Cowen

Cowen analyst Jason Seidl raised the firm’s price target on Werner to $53 from $43 and keeps an Outperform rating on the shares. The analyst said 4Q came in above our & consensus expectations despite a challenging backdrop. Guidance was similar to other carriers with 1H expected to be challenging followed by gradual improvement as capacity washes out of the industry.