Citigroup Maintains Buy on Weatherford International, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Weatherford International but lowers the price target from $155 to $130.

September 25, 2024 | 6:38 pm
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Citigroup's analyst Scott Gruber maintains a Buy rating on Weatherford International but reduces the price target from $155 to $130, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Weatherford's prospects, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100