UBS Starts Weatherford International plc (WFRD) at Neutral

UBS analyst Josh Silverstein initiates coverage on Weatherford International plc (NASDAQ: WFRD) with a Neutral rating and a price target of $82.00.

The analyst comments: "We initiate on WFRD with a Neutral Rating. WFRD is a diversified OFS with a favorable 80%/20% Int’l/NAM revenue mix and leadership across multiple product lines. We see Mexico turning from a headwind to tailwind, continued MPD momentum globally, ramping MENA activity, and steady margins as our outlook's key positive drivers. However, we see these positives reflected in the stock following the +91% move off 2025 lows. Our EBITDA is in line with Street, and >2% revenue growth from 2025-2027 is already priced in. Our $82 PT reflects 5.25x FY27 EBITDA, slightly above the 5x 5-year average to account for its strong margin profile and improving shareholder returns."

For an analyst ratings summary and ratings history on Weatherford International plc click here. For more ratings news on Weatherford International plc click here.

Shares of Weatherford International plc closed at $76.71 yesterday.

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