Werner price target lowered to $28 from $32 at Barclays

Barclays analyst Eric Morgan lowered the firm’s price target on Werner (WERN) to $28 from $32 and keeps an Equal Weight rating on the shares. The company’s Q1 results pressured by insurance costs, weather, IT spend and low utilization, the analyst tells investors in a research note. The firm believes Werner’s underlying truckload fundamental momentum appears to have slowed and its 20% exposure to West Coast imports and cross border freight remains at risk of trade barriers.