BofA raised the firm’s price target on Weatherford (WFRD) to $121 from $115 and keeps a Buy rating on the shares. The firm, which is updating its oilfield services models for Q1 earnings and 10-Q reports, notes that its forecasts for 2027 and 2028 EBITDA are 10% and 16% above consensus, respectively, on average.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFRD:
- Einhorn’s DME takes stakes in StubHub, Paramount, buys more Peloton
- Weatherford awarded pressure drilling contract by Ventura Offshore
- Weatherford price target raised to $156 from $111 at Barclays
- Weatherford awarded two contracts with Constellation Oil Services
- Weatherford awarded drilling contracts by, enters pact with Noble Corp.