Jefferies Reiterates a 'Hold' on Werner Enterprises (WERN); More Interested in Truck Equipment Names

Jefferies reiterates a 'Hold' on Werner Enterprises (NASDAQ: WERN) price target of $25.00 (from $27.00).

Analyst, Peter Nesvold, said that second quarter earnings for WERN were in-line with estimates and yields weren't as bad as feared.

On revenues, Nesvold, said, "Overall, revenue was a little light as top-line growth
trailed our forecast by $16.1mm. Total revenue grew 1.1% YoY vs. our forecast of 4.3% YoY, and trailed the 6.2% YoY growth in 1Q:12. Trucking revenues dipped 1.7% YoY vs. our forecast of 2.9% YoY, retreating from the 3.7% YoY growth in 1Q:12."

For an analyst ratings summary and ratings history on Werner Enterprises click here. For more ratings news on Werner Enterprises click here.

Shares of Werner Enterprises closed at $23.46 yesterday.

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