Werner price target lowered to $34 from $36 at Wells Fargo

Wells Fargo lowered the firm’s price target on Werner (WERN) to $34 from $36 and keeps an Underweight rating on the shares. Coming off its callback, the firm is modestly tweaking estimates. There are encouraging signs in Werner’s TL business, while Dedicated remains a bit behind in terms of improvement. Given the mix of business, Wells expects earnings power to lag to some extent.