Sterne Agee Maintains Werner Enterprises $27 PT, Buy Rating (WERN)

Sterne Agee maintained its Werner Enterprises WERN $27 price target and Buy rating in a research report published today. In the report, Sterne Agee states, "Buried within the company's operating metrics were solid continued improvements in utilization, pricing, and continued discipline with respect to capacity additions. Although we do expect some costs to rise into mid 2011 as fleets gear up for CSA, we believe that the constructive pricing environment is likely to remain in this state longer than consensus EPS seems to be pricing into its expectations." Shares of Werner Enterprises were trading at $24.52 at the time of posting, up 4.07% from Wednesday's market close.