Wells Fargo lowered the firm’s price target on Werner (WERN) to $24 from $27 and keeps an Underweight rating on the shares. Coming off its callback, the firm is meaningfully cutting estimates. While there are sequential tailwinds to profit, tariff risks offset somewhat, keeping earnings power particularly muted this year. Shares will likely be pressured on very weak results/outlook, Wells adds.
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Read More on WERN:
- Werner downgraded to Underperform from In Line at Evercore ISI
- Werner Enterprises Faces Challenges: Sell Rating Amid Earnings Miss and Operational Pressures
- Werner price target lowered to $28 from $32 at Barclays
- Werner Enterprises Faces Challenges in Q1 2025
- Closing Bell Movers: Snap falls 14% after Q1 results, no guidance
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