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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFRD:
- Weatherford price target lowered to $82 from $87 at Piper Sandler
- Weatherford International’s AI Dilemma: Can Delayed Tech Investments Undermine Competitiveness?
- Weatherford International’s Mixed Earnings Call Highlights
- Weatherford price target lowered to $97 from $107 at Raymond James
- Weatherford International Reports Robust 2024 Earnings
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue