Knight-Swift, Werner Enterprises cut to Hold at Credit Suisse [Seeking Alpha]
Werner Enterprises, Inc. (WERN)
Last werner enterprises, inc. earnings: 4/28 04:05 pm
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Knight-Swift, Werner Enterprises cut to Hold at Credit SuisseMay 17, 2023 7:53 AM ETOld Dominion Freight Line, Inc. (ODFL)KNXWERNARCBXPOSAIABy:Kevin P. CurranSA EditorSundry PhotographyCredit Suisse told clients it has â??become increasingly cautious on the trucking cycle as low rates persist,â? leading its analysts to downgrade of multiple names.â??We advocate trimming exposure; we lower our EPS estimates across the board and downgrade Knight-Swift () and Werner () to Neutral,â? the bankâ??s analysts stated. â??In our view, the market has already priced in a meaningful upturn in rates and a double-digit recovery in earnings for 2024, leaving limited room for near-term upside and moderate risk of a 10-15% pull-back from current levels. While we stop short of a view that trucking stocks are significantly overvalued, the risk/reward does not appear compelling from our perspective.â?As such, the team stepped to the sideline on each stock due to a lack of near-term catalysts and valua
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WERN
News
- Werner® Earns Recognition on Forbes' America's Best Large Employers 2024 List [Yahoo! Finance]Yahoo! Finance
- Werner® Earns Recognition on Forbes’ America’s Best Large Employers 2024 ListBusiness Wire
- Tough trucking market hits EBITDA at TriumphPay; other indicators up [Yahoo! Finance]Yahoo! Finance
- Werner Enterprises, Inc. (NASDAQ: WERN) had its price target lowered by analysts at Stifel Nicolaus from $42.00 to $39.00. They now have a "hold" rating on the stock.MarketBeat
- Werner Enterprises, Inc. (NASDAQ: WERN) had its price target lowered by analysts at Bank of America Co. from $35.00 to $34.00. They now have an "underperform" rating on the stock.MarketBeat
WERN
Earnings
- 2/6/24 - Miss
WERN
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 4/2/24 - Form ARS
- WERN's page on the SEC website