Werner Enterprises (WERN) PT Lowered to $27 at BofA Securities

BofA Securities analyst Ken Hoexter lowered the price target on Werner Enterprises (NASDAQ: WERN) to $27.00 (from $31.00) while maintaining a Underperform rating.

The analyst comments "We lower our 1Q26 and 2026 EPS estimates for Werner Enterprises to -$0.02 and $0.85, from $0.03 and $0.90, respectively, as we raise our 1Q fuel expense to $81 million (from $71 mil) due to rising oil prices following the Iran war and near shutdown of the Strait of Hormuz (1-2 week lag for trucks; WTI at ~$97/barrel; see our Shipping note). We remain at Underperform and lower our PO to $27 (from $31) on 32.5x our 2026e EPS (from 35.0x). Our target is above its 12x-23x range as we expect earnings to recover from trough levels and supply dynamics to remain constructive, yet we remain cautious given margin pressure."

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