Weatherford (WFT) PT Lowered to $7 at Jefferies, 'Buy' Maintained

November 15, 2016 8:25 AM EST
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Price: $5.28 -2.58%

Rating Summary:
    30 Buy, 11 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 16 | New: 12
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Jefferies analyst Brad Handler lowered his price target on Weatherford International (NYSE: WFT) to $7.00 but maintained a Buy rating.

Handler commented, "y. Our Buy implies that under-explained FCF problems are resolved in recovery and we take incremental confidence from new (CEO-level) leadership. We expect revenue to be helped by relatively low offshore exposure (we think ~10% of 2016E revenue)."

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

Shares of Weatherford International closed at $4.94 yesterday.

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