Deutsche Bank Adds Weatherford (WFT) to 'Short-Term Buy' List; Shares Bouncing

Traders are dipping a toe into shares of Weatherford International (NYSE: WFT) Wednesday morning following Tuesday's preliminary results and news of a financial restatement and the resulting 13 percent decline in the stock. Shares last traded at $15.76, up about 2.6 percent for the session.

Potentially aiding the move higher, Deutsche Bank's Mike Urban reiterated a Buy rating and $33 price target on Weatherford shares this morning. The analyst said the stock remains his top pick. Since the initial note, Deutsche Bank has added Weatherford shares to its "Short-Term Buy" list, suggesting a chance for substantial upside over the near-term.

To track all the market-moving analyst action on shares of Weatherford, visit our Analyst Ratings page.

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