From Financial Modeling Prep: 2024-10-09 15:30:00

Citi analysts have initiated coverage on Werner Enterprises (NASDAQ:WERN) with a Sell rating and a price target of $34 due to the company’s exposure to discount retailers. Inventory-to-sales ratios remain high, indicating further destocking is needed. Margin weakness and challenges from direct-to-consumer platforms like Temu and Shein are also impacting Werner’s performance.



Read more at Financial Modeling Prep:: Werner Enterprises Started With a Sell Rating at C…