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Weatherford price target raised to $83 from $73 at Goldman Sachs
Goldman Sachs raised the firm’s price target on Weatherford (WFRD) to $83 from $73 and keeps a Neutral rating on the shares. The services rally has raised investor concerns about stretched valuations, but activity is expected to remain largely flat in the U.S. with a modest international inflection into 2H26/2027, suggesting limited estimate changes overall, the analyst tells investors in a research note. The rally is driven by relative sector attractiveness, improving international confidence, and option value from Venezuela, the firm says.
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- Venezuela’s PDVSA starts reversing oil production cuts, Reuters reports
- Weatherford price target raised to $98 from $82 at BofA
- DOE releases details on U.S. marketing of Venezuelan crude oil
- Weatherford says Venezuela ‘interesting development,’ Bloomberg reports
- Weatherford: International Growth Leverage and Margin Resilience Support Buy Rating
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