Morgan Stanley Maintains Overweight on Werner Enterprises, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Overweight rating on Werner Enterprises but lowers the price target from $55 to $52.
October 30, 2024 | 5:44 pm
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Morgan Stanley maintains an Overweight rating on Werner Enterprises but reduces the price target from $55 to $52, indicating a slightly less optimistic outlook.
The reduction in the price target from $55 to $52 suggests a slightly less optimistic view on Werner Enterprises' future performance, which could lead to a short-term negative impact on the stock price. However, the Overweight rating indicates continued confidence in the company's overall prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100