Evercore ISI lowered the firm’s price target on Werner (WERN) to $23 from $25 and keeps an Underperform rating on the shares. Despite a few modest upward adjustments, transports are facing a challenging environment with weak volumes and stagnant pricing in TL and intermodal remaining hurdles and multiple downward estimate revisions for Q3 and beyond, the analyst tells investors in a note on the surface transportation group.
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