Citi lowered the firm’s price target on Weatherford (WFRD) to $70 from $90 and keeps a Buy rating on the shares. The firm updated models for a collection of Smid-cap oil and gas equipment and services stocks to incorporate updated rig count forecasts and recent earnings.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFRD:
- Weatherford management to meet with Piper Sandler
- SLB price target lowered to $44 from $46 at Piper Sandler
- Weatherford price target lowered to $77 from $85 at Barclays
- Weatherford International: Resilience and Strategic Positioning Drive Buy Rating
- Baker Hughes price target lowered to $50 from $53 at Piper Sandler