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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:09 EDTWERNWerner expects to sell fewer trucks and trailers in 2013
Gains on sales of assets were $4.7M in 4Q12 compared to $4.8M in 4Q11 and $5.4M in 3Q12. We sold fewer trucks and trailers in 4Q12 which resulted in slightly lower gains. The company expects to sell fewer trucks and trailers in 2013 compared to 2012. Gains on sales are reflected as a reduction of Other Operating Expenses in our income statement. The higher cost of new equipment results in higher depreciation expense.
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August 18, 2014
10:01 EDTWERNOn The Fly: Analyst Downgrade Summary
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05:47 EDTWERNWerner downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Werner to Underperform citing rising cost pressures amid greater than expected truck driver pay increases. The firm lowered its price target for shares to $26 from $28.

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