Wells Fargo Maintains Underweight on Werner Enterprises, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Christian Wetherbee has maintained an Underweight rating on Werner Enterprises and lowered the price target from $38 to $35.
October 30, 2024 | 3:08 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Underweight rating on Werner Enterprises and reduced the price target from $38 to $35, indicating a bearish outlook.
The Underweight rating suggests that Wells Fargo expects Werner Enterprises to underperform relative to the market. The lowered price target from $38 to $35 further indicates a negative outlook, likely leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100