BofA analyst Saurabh Pant raised the firm’s price target on Weatherford to $145 from $135 and keeps a Buy rating on the shares, stating that the company continues to execute and “deliver solid results.” Management is now planning a comprehensive capital allocation framework, including return of capital to shareholders, which is to be announced in the second half, notes the analyst, who thinks the news could come “plausibly” on the Q2 call in July.
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Read More on WFRD:
- Weatherford price target raised to $160 from $135 at Barclays
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