Werner price target raised to $37 from $33 at UBS

UBS raised the firm’s price target on Werner (WERN) to $37 from $33 and keeps a Neutral rating on the shares. Werner reported better-than-expected Q1 results, with positive EPS versus a loss expected by Street estimates, driven by improved trucking utilization and lower costs, the analyst tells investors in a research note. Margin gains were supported by safety and insurance improvements, though the logistics segment remained slightly loss-making, and the results are expected to be viewed positively given improved visibility into ongoing margin recovery and earnings potential, the firm says.