Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

JPMorgan Upgrades Werner Enterprises To Neutral, Sees 10% Upside

  • 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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.