Weatherford price target lowered to $97 from $107 at Raymond James

Raymond James lowered the firm’s price target on Weatherford (WFRD) to $97 from $107 and keeps a Strong Buy rating on the shares. Weatherford’s 2025 guidance was reduced as a result of the rapid deterioration in Mexico, coupled with the impact of additional Russia sanctions, the analyst tells investors in a research note. The shares have come off meaningfully more than estimates have come down, despite a strong balance sheet, industry-leading return on capital employed, high free cash flow generation, and the introduction of a shareholder return program, leaving a weak starting point to the year and expectations that margins normalize over the rest of the year, Raymond James argues.