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Fly News Breaks for January 31, 2017
WERN
Jan 31, 2017 | 07:29 EDT
Credit Suisse analyst Allison Landry raised her price target for Werner to $27 from $21 on valuation. The analyst notes that while he company experienced more seasonally normal freight demand in Q4 and posted an EBIT beat, demand in January is lighter than normal, pricing gains have yet to materialize, and the used truck market is expected to remain weak, which may make it difficult to sustain momentum in 1H17. She reiterates a Neutral rating on the shares.