JPMorgan Downgrades Werner Enterprises (WERN) to Underweight

July 11, 2018 7:10 AM EDT
Get Alerts WERN Hot Sheet
Price: $45.23 +1.21%

Rating Summary:
    13 Buy, 15 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 61
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JPMorgan downgraded Werner Enterprises (NASDAQ: WERN) from Neutral to Underweight with a price target of $35.00.

Analyst Brian Ossenbeck said the relative value is diminishing after the run-up. He cited:

  • Best performing TL stock under coverage YTD by ~700bps
  • Lack of gains and 'TL trifecta' will mute 2019 EPS growth
  • Newly-public USX offers similar exposure at a discount.

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 $38.15 yesterday.

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