Piper Sandler upgraded Weatherford (WFRD) to Overweight from Neutral with a price target of $73, up from $62. The company has “finally level-set expectations” and is one year removed from being negatively impacted by Mexico, setting the stage for the shares to re-rate, the analyst tells investors in a research note. Piper sees an “improving rate-of-change story” for Weatherford with the worst of Mexico behind the company and with management tightening its 2025 guidance range, signaling improved visibility.
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Read More on WFRD:
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