Citi lifts Werner and Schneider to 'neutral' as valuations improve

Schneider National

10/03/2026 11:18

** Citi upgrades rating on trucking firms Werner Enterprises WERN.O and Schneider National SNDR.N to "neutral" from "sell"

** Keeps Werner's PT unchanged at $34 and Schneider at $27

** Citi says stronger-than-expected truck spot rates this year could boost earnings and give carriers more leverage in contract negotiations

     ** Adds recent drop in trucking stocks made valuations more reasonable for WERN and SNDR, opening the door for potential recovery in the coming days

** As of last close, Werner rose 4% YTD and Schneider fell 2.8% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))