Piper Sandler raised the firm’s price target on Weatherford to $184 from $180 and keeps an Overweight rating on the shares on higher EBITDA. The firm says Weatherford continues to exceed all expectations, and “there’s still wood to chop.” The 25% margin target was pulled forward a full year, and there are still initiatives within fulfillment, new technology, and operating leverage that can push margins even higher, says Piper.
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