Fitch Downgrades Weatherford International plc to 'B+'; Outlook Negative

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Simmons Remains Sidelined on Weatherford (WFT) - PT to $7.20

May 11, 2016 7:41 AM EDT

Simmons reiterates Neutral rating on Weatherford International (NYSE: WFT), and raised the price target to $7.20 (from $7.18), following a 1Q review.

Analyst Bill Herbert commented, "The primacy of the WFT story remains balance sheet and FCF. While the stock endured a cathartic sell-off due to... More