- JPMorgan analyst Brian Ossenbeck upgraded Werner Enterprises, Inc. (NASDAQ:WERN) to Neutral from Underweight and raised the price target to $47 (an upside of 10.1%) from $44.
- Ossenbeck says the company's strategy to replace tractors off-cycle, "aggressive" recruiting of drivers, and significant investment growing the dedicated fleet represents a focus on growth through the cycle.
- The analyst believes the dedicated business should provide "greater stability" long-term but adds some operations can still require support from a stronger freight market to maximize backhauls.
- Also read: Werner Beats Q4 Estimates, Points To Organic Growth Opportunities.
- Price Action: WERN shares closed lower by 0.12% at $42.70 on Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
JPMorgan Upgrades Werner Enterprises To Neutral, Sees 10% Upside
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks