Susquehanna lowered the firm’s price target on Werner (WERN) to $23 from $27 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the logistics and trucking group. The firm cut estimates across the sector, saying pricing and margin improvement “remain in the distance.” The Q3 supply chain “snap-back” was modest in truckload, the analyst tells investors in a research note.
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