Weatherford Downgraded As Analyst Sees Limited Returns Despite Deleveraging Efforts

Goldman Sachs analyst Ati Modak downgraded Weatherford International plc (NASDAQ:WFRD) to Neutral and lowered the target price to $98 from $132.

While WFRD remains a high-quality stock with a solid execution record, the analyst notes the current environment makes international-focused exposure less compelling compared to other energy investment options.

Meanwhile, the analyst anticipates earnings growth driven by increased adoption of Managed Pressure Drilling and innovations like RFID technology, alongside margin expansion even in a flat revenue growth environment.

The analyst estimates a total return potential of 4% …

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