UPDATE: UBS Downgrades Werner Enterprises (WERN) to Neutral

March 11, 2021 6:15 AM EST
Get Alerts WERN Hot Sheet
Price: $48.10 -0.35%

Rating Summary:
    13 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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(Updated - March 11, 2021 6:19 AM EST)

UBS analyst Thomas Wadewitz downgraded Werner Enterprises (NASDAQ: WERN) from Buy to Neutral with a price target of $50.00 (from $47.00).

The analyst comments "We expect the truckload market to remain strong through most of 2021 with freight demand supported by the $1.9 trillion fiscal stimulus package. However, we do not expect an extended upcycle in truckload to drive stronger valuation for WERN and the increase in our 2022 EPS from $3.60 to $3.85 and our price target only translates to modest upside from the current stock price. We have lowered our rating from Buy to Neutral."

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 $45.70 yesterday.

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