Weatherford price target lowered to $92 from $100 at Barclays

Barclays lowered the firm’s price target on Weatherford (WFRD) to $92 from $100 and keeps an Overweight rating on the shares. The firm says it has been a rough six months for Weatherford with the shares down 50% as slowing international spending led to a series of earnings revisions with heavy exposure to Saudi and Pemex. However, the firm views the stock as one of the most attractive risk/reward stories in the sector.