TD Cowen raised the firm's price target on Werner to $43 from $36 and keeps a Hold rating on the shares. The firm said 1Q beat on TTS margin as WERN saw gains from One-Way revenue quality measures. Yield guidance was raised albeit modestly due to high Dedicated mix. The company sees path to double-digit TTS margins, but Cowen expects a gradual ramp relative to more spot/one-way exposed peers.
