Benchmark Co. analyst Kurt Hallead has maintained their bullish stance on WFRD stock, giving a Buy rating today.
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Kurt Hallead’s rating is based on several key factors influencing Weatherford International’s outlook. The company is expected to generate strong cash flow, which suggests a robust financial health moving forward. Moreover, Weatherford’s commitment to achieving EBITDA margins in the high 20’s over the coming years indicates an efficient management strategy aimed at maximizing profitability.
While the initial guidance for 2025 is slightly below market expectations, it is still better than anticipated, contributing to a generally positive sentiment surrounding the stock. These elements collectively support Hallead’s decision to recommend a Buy rating for Weatherford International, reflecting confidence in the company’s future performance.
In another report released today, Bank of America Securities also maintained a Buy rating on the stock with a $100.00 price target.