UPDATE: Stifel Resumes Werner Enterprises (WERN) at Buy

June 21, 2021 4:28 PM EDT
Get Alerts WERN Hot Sheet
Price: $44.86 +0.47%

Rating Summary:
    13 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 25 | New: 41
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(Updated - June 21, 2021 4:33 PM EDT)

Stifel analyst Joseph W. DeNardi resumes coverage on Werner Enterprises (NASDAQ: WERN) with a Buy rating and a price target of $60.00.

The analyst comments "We are resuming coverage of Werner Enterprises, Inc. (WERN) with a Buy rating and $60 target price. Werner is one of the largest providers of truckload services in the U.S. with a focus on Dedicated transportation. Werner has been consistently improving results since 2016, and we believe the carrier is in a unique position to be the Southwest Airlines of the truckload industry i.e. a carrier with consistently high margins, lower relative volatility, a very solid balance sheet and a strong company culture. Over time, as Werner is able to show improved results and less cyclical pressure, we believe the multiple will benefit. In the meantime, we see continued tailwinds for dry van demand and a challenging path back to material supply growth. This should lead to earnings expansion in 2021 and 2022."

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 $42.66 yesterday.

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