Stock Track | Werner Enterprises Plummets 10.01% Intraday After JPMorgan Cuts Price Target

Stock Track

02/06

Werner Enterprises' stock price plummeted 10.01% during intraday trading on Friday, marking a significant decline for the transportation company.

The sharp drop followed JPMorgan's decision to lower its price target on Werner Enterprises to $28 from $30 while maintaining an Underweight rating on the shares. This negative analyst action, which was issued before market open, signaled concerns about the company's outlook and likely contributed to investor selling pressure.

While several other analysts adjusted their price targets on Werner Enterprises in both directions ahead of the trading session, JPMorgan's downward revision stood out as particularly bearish, potentially driving the stock's substantial decline.

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