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WERN

Werner

$33.07

1.13 (3.54%)

, KNX

Knight-Swift

$32.69

1.005 (3.17%)

07:30
01/22/19
01/22
07:30
01/22/19
07:30

Deutsche Bank names Werner short-term investment idea

Deutsche Bank analyst Amit Mehrotra placed a "Catalyst Call" on Werner Enterprises (WERN) as a short-term investment idea. Despite the recent rally in U.S. Transportation stocks, Werner shares still trade at a "meaningful discount" to fair value at this point in the cycle, Mehrotra tells investors in a research note. He points out that the stock has significantly lagged peer Knight-Swift (KNX) year-to-date. The analyst keeps a Buy rating on Werner.

WERN

Werner

$33.07

1.13 (3.54%)

KNX

Knight-Swift

$32.69

1.005 (3.17%)

  • 06

    Apr

WERN Werner
$33.07

1.13 (3.54%)

12/13/18
LOOP
12/13/18
NO CHANGE
Target $42
LOOP
Buy
Solid truck volumes, low fuel prices to drive Werner Q4, says Loop Capital
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.
12/04/18
UBSW
12/04/18
DOWNGRADE
Target $36
UBSW
Neutral
Werner downgraded to Neutral from Buy at UBS
UBS analyst Thomas Wadewitz downgraded Werner Enterprises to Neutral and lowered his price target for the shares to $36 from $42. The analyst says that while the stock's valuation has come down sharply, he does not have "conviction regarding a catalyst" for the truckload names. He had been anticipating an "earlier and more pronounced" peak season tightening in the truckload spot market. Until the most recent weekly data point this tightening had not been visible, Wadewitz tells investors in a research note.
10/30/18
10/30/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nvidia (NVDA) upgraded to Overweight from Neutral at JPMorgan with analyst Harlan Sur saying the stock is down 36% since October 1 on fears of GPU channel inventory impacting near-term demand as well as views by the market that the company's new gaming platform may not see much of an upgrade cycle in the near term. 2. Werner (WERN) upgraded to Overweight from Sector Weight at KeyBanc with analyst Todd Fowler saying after his annual shipper survey, he is incrementally confident in his 2019 estimates given more favorable pricing commentary relative to his expectations. 3. Beach Energy (BEPTF) upgraded to Overweight from Neutral at JPMorgan, to Buy from Neutral at Goldman Sachs, to Neutral from Underperform at Macquarie, and to Hold from Sell at Canaccord. 4. JetBlue (JBLU) upgraded to Overweight from Neutral at JPMorgan. 5. Schneider National (SNDR) upgraded to Buy from Hold at Stifel with analyst David Ross saying sentiment has worsened on the stock since earlier this year despite the fact that the company's numbers have come in better than expected. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/30/18
10/30/18
UPGRADE
Target $39

Overweight
Werner upgraded to Overweight on favorable pricing commentary at KeyBanc
As previously reported, KeyBanc analyst Todd Fowler upgraded Werner to Overweight from Sector Weight, with a $39 price target. Following his annual shipper survey, the analyst is incrementally confident in his 2019 estimates given more favorable pricing commentary relative to his expectations.
KNX Knight-Swift
$32.69

1.005 (3.17%)

01/22/19
LOOP
01/22/19
NO CHANGE
Target $47
LOOP
Buy
Knight-Swift generating stronger Swift margin recovery, says Loop Capital
Loop Capital analyst Jeffrey Kauffman kept his Buy rating and $47 price target on Knight-Swift but also raised his FY18 EPSS view to $2.46 from $2.29. The analyst cites the company's "stronger-than-expected margin recovery in the former Swift businesses, as well as lower operating costs and higher revenues per mile at the former Knight properties." Kauffman adds that while the Knight and Swift merger of 2017 had its challenges in the pace of materialized synergies, signs of progress in the recent quarter's results give investors an opportunity to take advantage of the pullback in Knight-Swift stock price.
01/02/19
SPHN
01/02/19
NO CHANGE
SPHN
CBS, Global Payments, Union Pacific among Stephens' best ideas for 2019
Stephens released its Best Ideas list for 2019, noting that over the last 13 years its Best Ideas list has outperformed the Russell 2000 by an average of 300 bps. Of note, six of the firm's 30 analysts listed "cash" as their best idea for this year. Among the rest, the picks included: Landstar System (LSTR), Enova (ENVA), RealPage (RP), FMC Corporation (FMC), Avanos (AVNS), Knight-Swift (KNX), CBS (CBS), Vulcan Materials (VMC), Encompass Health (EHC), Watsco (WSO), Global Payments (GPN), O'Reilly Automotive (ORLY), NeoGenomics (NEO), Continental Resources (CLR), Union Pacific (UNP), Ametek (AME), Wintrust Financial (WTFC), Helmerich & Payne (HP), Penske Automotive (PAG), Signature Bank (SBNY), Noble Energy (NBL), Origin Bancorp (OBNK), GrubHub (GRUB) and CenterState Bank (CSFL).
12/04/18
UBSW
12/04/18
DOWNGRADE
Target $36
UBSW
Neutral
Knight-Swift downgraded to Neutral from Buy at UBS
UBS analyst Thomas Wadewitz downgraded Knight-Swift Transportation Holdings to Neutral and lowered his price target for the shares to $36 from $43. Cyclical concerns have caused significant pressure on the truckload stocks and Knight-Swift in 2018 despite a "very favorable underlying market," Wadewitz tells investors in a research note. While the analyst does not expect a further meaningful step down in valuation, he believes "rising risks" to the 2019 market could cause pressure on earnings. The analyst does not see a catalysts for Knight-Swift shares.
11/26/18
BARD
11/26/18
NO CHANGE
Target $40
BARD
Outperform
Knight-Swift elevated to Fresh Pick at Baird
Baird analyst Benjamin Hartford elevated Knight-Swift to a bullish Fresh Pick. The analyst believes 2018's multiple compression, coupled with company specific yield/margin improvement potential and its long-term growth and value creation profile, creates a compelling set-up for long-term investors. Hartford reiterated his Outperform rating and $40 price target on Knight-Swift shares.

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BA

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AAPL

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RIVE

Riverview Financial

$11.20

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