Weatherford price target lowered to $73 from $77 at Barclays

Barclays lowered the firm’s price target on Weatherford (WFRD) to $73 from $77 and keeps an Overweight rating on the shares post the earnings report. The company was “downbeat” on the macro environment and upstream spending over the next 12 months, but its results and guidance reaffirmed that 2025 estimates have been largely de-risked, the analyst tells investors in a research note.