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Fly News Breaks for October 1, 2018
WERN
Oct 1, 2018 | 16:22 EDT
Loop Capital analyst Jeffrey Kauffman initiated Werner with a Buy rating and a price target of $42, saying its EPS growth potential is attractive. The analyst notes that investors have treated the family-owned company as "conservative" in its outlook, but with 2nd generation of the Werner family ceding authority to non-family members, Kauffman believes that management can be less conservative and possibly "utilize acquisitions as a means of growth". The analyst also points to profitability in the trucking industry having "exploded" over the past two years.
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