Weatherford price target raised to $80 from $79 at Piper Sandler

Piper Sandler raised the firm’s price target on Weatherford (WFRD) to $80 from $79 and keeps an Overweight rating on the shares. The firm notes that shares were muted and while it expected stronger performance given its beat and raise, results must have just met or came up short of investors’ high expectations. Regardless, Piper is still encouraged by the improved rate-of-change for Weatherford and believes the company is well positioned to capture multiple catalysts through 2026, including margin expansion, free cash flow generation, international recovery, and Offshore inflection.