TD Cowen lowered the firm’s price target on Werner (WERN) to $23 from $24 and keeps a Hold rating on the shares. The firm said 3Q missed materially on elevated insurance and startup costs. TTS margin headwinds to moderate sequentially but cost base remains elevated amid broad market softness.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WERN: