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

WERN JPMorgan
  • 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
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
21 'one-in-a-million' extreme dead stars found hiding around sun-like stars
Astronomers have detected 21 rare systems with widely separated neutron stars and sun-like stars. These binaries are "one in a million" and challenge dead star binary formation models.
Space
Space
The true culprit of cereals
"Little has changed since the days of "Unfrosted," the Pop-Tarts movie"
Salon
Salon
Char your summer squash like a chef
Chef Tyler Fenton of BATA talks charring, cooking local and the bounty found in the 400 miles surrounding Tucson
Salon
Salon
What is the chemistry behind decaf?
"Decaffeination has a rich history, and now almost all coffee producers use one of three common methods"
Salon
Salon
Blake Lively Expertly Shuts Down Ryan Reynolds Divorce Rumors
A commenter brought these rumors to her attention.
Marie Claire
Marie Claire
Worried about the health effects of the sugar in your breakfast cereal? Little has changed since the days of ‘Unfrosted,’ the Pop-Tarts movie
While Jerry Seinfeld, Melissa McCarthy, Amy Schumer and Hugh Grant got top billing, sweet breakfast foods from the 1960s are arguably the real stars of the recent movie “Unfrosted,” a comedy loosely based on the invention of Pop-Tarts.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play