Weatherford price target lowered to $85 from $92 at Barclays

Barclays lowered the firm’s price target on Weatherford (WFRD) to $85 from $92 and keeps an Overweight rating on the shares. Following quarter-end calls with a number of energy services companies, the firm reduced estimates for Q1 and fiscal 2025, primarily due to more pronounced softness in international markets. The U.S. onshore market has also been a bit slower to start the year, the analyst tells investors in a research note.