US Daily Brief: Today‘s Research – July 29, 2026

研报英文原文证据摘录

US Daily Brief: Today‘s Research – July 29, 2026

MORNING MEETING SUMMARY

Global Oil Services - Positive OFS Outlook Post 2Q Results (Josh Silverstein)

SUMMARY: Remaining Positive On OFS Email: josh.silverstein@ubs.com

Phone: +1-212-713 3513

It's been a wild 2Q EPS results week for the Oilfield Services. Multiple stock

reactions of 10+% (both up and down) were driven by heightened uncertainty

into 2Q results/3Q guides due to lingering effects of the Middle East conflict,

individual items not previously forecasted, and investor positioning. While near-

term headwinds from the Middle East conflict remain in place, we see 6 drivers

supporting a positive sub-sector outlook. NESR remains our Top Pick, we upgrade

WFRD to Buy from Neutral, and see the 30+% sell-off in LBRT post results

implying <$5/sh LPI value in the stock.

Weatherford International plc - Delivering On Growth Despite Near-Term Headwinds, Upgrade To Buy (Josh

Silverstein)

SUMMARY: We upgrade WFRD from Neutral to Buy with a $114 PT. WFRD Rating: Buy (Prior: Neutral)

has fallen by 18% since the Middle East conflict's start, underperforming the OIH Price Target: US$114 (Prior: $113)

by 16%. We attribute the underperformance to near-term Middle East Price: US83.58

headwinds. We see this pressure as temporary, with a post-conflict recovery Market Cap: US$6.00b

driving a meaningful acceleration in region activity, supported by an estimated ~ Email: josh.silverstein@ubs.com

$137.5Bn of regional O&G project tenders. Further, WFRD is well positioned to Phone: +1-212-713 3513

benefit from growing offshore/deepwater development activity through

Managed Pressure Drilling (MPD), while improving Pemex collections support

higher FCF conversion. The pending NCSM acquisition also offers value creation