Werner price target lowered to $20 from $23 at Evercore ISI

Evercore ISI lowered the firm’s price target on Werner (WERN) to $20 from $23 and keeps an Underperform rating on the shares. Werner’s return to losses in Q3 highlights significant recovery challenges as the company posted an adjusted loss per share of 3c, underperforming the expectations of both the firm and the Street, the analyst tells investors in a research note. The firm added that guidance for key revenue drivers has been revised downward amid continued sub-seasonal market volumes.