Werner price target lowered to $35 from $38 at Wells Fargo

Wells Fargo analyst Christian Wetherbee lowered the firm’s price target on Werner (WERN) to $35 from $38 and keeps an Underweight rating on the shares. Coming off its callback, the firm is lowering estimates for Q4 and 2025. Dedicated margins remain under pressure and its TTS fleet remains down materially in order to shrink into better freight selection, Wells adds, saying shares are likely pressured by further cuts.