Fly News Breaks for July 16, 2015
SWFT, KNX, HTLD, WERN
Jul 16, 2015 | 08:35 EDT
Wells Fargo upgraded Werner (WERN) to Outperform from Market Perform saying the valuation is "compelling" ahead of next week's earnings report. Werner's utilization metrics lead competitors and the company has "significant room" for growth in rates, the firm tells investors in a research note. It has a $31-$32 price target range for the stock. Wells is "growing more positive" on truckload names, but keeps Market Perform ratings on Heartland Express (HTLD), Knight Transportation (KNX) and Swift Transport (SWFT).
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