Barclays Maintains Equal-Weight on Werner Enterprises, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski maintains an Equal-Weight rating on Werner Enterprises (WERN) and lowers the price target from $40 to $36.
May 02, 2024 | 6:15 pm
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Barclays maintains an Equal-Weight rating on Werner Enterprises and lowers the price target from $40 to $36.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in WERN's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or sector, but the lowered price target indicates a revision of the expected performance level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100