BMO Capital analyst Phillip Jungwirth initiated coverage of Weatherford (WFRD) with an Outperform rating and $82 price target The firm likes the company’s like international exposure, where it sees steady near-term activity with greater long-term upside. Weatherford’s financial performance and balance sheet are “highly competitive” versus the oilfield services group and the shares are attractively valued, the analyst tells investors in a research note.
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