BofA lowered the firm’s price target on Werner (WERN) to $26 from $32 and keeps an Underperform rating on the shares after a “large miss” in Q1. The firm, which says it is cautious given margin pressure, lowered its FY25 and FY26 EPS estimates 81% and 50%, respectively, to 20c and 90c, the analyst tells investors.
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Read More on WERN:
- Optimistic Outlook for Werner Enterprises Amidst Short-term Challenges
- Werner price target lowered to $24 from $27 at Wells Fargo
- 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