Weatherford price target raised to $115 from $98 at BMO Capital

BMO Capital raised the firm’s price target on Weatherford (WFRD) to $115 from $98 and keeps an Outperform rating on the shares. The company reported strong Q4 results, in line EBITDA guidance for Q1, and slightly better full year at the mid-point, the analyst tells investors in a research note. BMO is positive on the stock’s exposure to an improving international OFS backdrop, competitive financial performance and margins, strong execution, and inexpensive valuation.