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Fly News Breaks for December 13, 2018
WERN
Dec 13, 2018 | 06:30 EDT
Loop Capital analyst Jeffrey Kauffman kept his Buy rating and $42 price target on Werner, also raising his FY19 EPS view by 5c to $2.80 and FY20 by 6c to 2.96. The analyst is positive on the company's upcoming Q4 results based on the "solid truck volumes and lower-than-expected fuel prices" based on his channel checks and management discussions which, he says, also helped him predict a strong quarter in Q3. Kauffman sees Werner as one of his "better ideas in the trucking space" given its 11.4-times forward earnings multiple.
News For WERN From the Last 2 Days
WERN
Apr 15, 2024 | 09:17 EDT
BofA analyst Ken Hoexter lowered the firm's price target on Werner to $34 from $35 and keeps an Underperform rating on the shares. The firm lowered its truckload Q1 EPS estimates 11% on average and 2024 EPS estimates 8% on average, citing demand, rate, and margin pressure from the elongated freight downcycle.
