Jefferies Starts Weatherford International (WFT) at Buy

November 29, 2011 6:54 AM EST
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Price: $0.37 --0%

Rating Summary:
    17 Buy, 19 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Jefferies initiates coverage on Weatherford International (NYSE: WFT) with a Buy. PT $21.00.

The firm comments, "Although recent challenges out of MENA have been a headwind to revenue and margins over recent quarters, WFT should begin to benefit from a better international environment in 2012 as well as a favorable North America portfolio."

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 $13.96 yesterday.


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