Barclays lowered the firm’s price target on Weatherford (WFRD) to $111 from $114 and keeps an Overweight rating on the shares. The firm adjusted targets in the energy services group as a part of a Q1 earnings preview. Looking past Middle East disruptions, structurally higher oil prices and a focus on energy security “set up a potential earnings revision cycle,” the analyst tells investors in a research note.
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