Morgan Stanley Maintains Overweight on Werner Enterprises, Lowers Price Target to $61
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 $62 to $61.
November 07, 2023 | 2:14 pm
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Werner Enterprises' price target has been lowered from $62 to $61 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about Werner Enterprises. While the lowering of the price target might be seen as a negative, the maintenance of the Overweight rating indicates that the analyst still sees the stock as a good investment. This could have a neutral impact on the stock's price in the short term.
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