Susquehanna Downgrades Werner Enterprises to Negative, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Bascome Majors has downgraded Werner Enterprises (NASDAQ:WERN) from Neutral to Negative and lowered the price target from $32 to $27.
June 24, 2024 | 10:51 am
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NEGATIVE IMPACT
Susquehanna analyst Bascome Majors downgraded Werner Enterprises from Neutral to Negative and reduced the price target from $32 to $27.
The downgrade from Neutral to Negative and the reduction in the price target from $32 to $27 by Susquehanna is likely to negatively impact Werner Enterprises' stock price in the short term. Such downgrades typically signal a lack of confidence in the company's near-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100