Morgan Stanley Maintains Overweight on Werner Enterprises, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on Werner Enterprises (NASDAQ:WERN), but lowered the price target from $66 to $65.
July 06, 2023 | 2:16 pm
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NEUTRAL IMPACT
Werner Enterprises' price target has been lowered from $66 to $65 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about Werner Enterprises. The lowering of the price target might have a slight negative impact, but the maintained Overweight rating indicates that the analyst still sees the stock as a good investment. Therefore, the short term impact is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100