Barclays Downgrades Werner Enterprises to Equal-Weight, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski downgraded Werner Enterprises (WERN) from Overweight to Equal-Weight and reduced the price target from $45 to $40.
April 01, 2024 | 1:10 pm
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Barclays downgraded Werner Enterprises from Overweight to Equal-Weight and lowered the price target from $45 to $40.
The downgrade by a major financial institution like Barclays, coupled with a reduction in the price target, typically signals a less optimistic outlook on the company's stock performance in the near term. This can lead to a negative perception among investors, potentially causing a decrease in the stock price.
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