UPDATE: Global Hunter Securities Downgrades Weatherford International (WFT) to Neutral

(Updated - April 16, 2015 10:13 AM EDT)

Global Hunter Securities downgraded Weatherford International (NYSE: WFT) from Accumulate to Neutral with a price target of $15 (from $14).

Analyst Ken Sill said, "We are cautious ahead of earnings and have decreased our earnings estimates for 2015 and 2016. WFT is a turnaround story with high NAM leverage, and provides interesting upside potential for those with a high risk profile, and patience. Our 2015 and 2016 EPS estimates have fallen from $0.16 to ($0.18) and from $0.41 to ($0.07), respectively."

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 $14.67 yesterday.

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