Today's Two Stealth Growth Ideas 06/02

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Jefferies Cuts Price Target on Weatherford (WFT) to $8; Reiterates Buy

June 6, 2016 6:55 AM EDT

Jefferies maintained a Buy rating on Weatherford International (NYSE: WFT), and cut the price target to $8.00 (from $9.00) on exchangeable note dilution. Jefferies assumed the exchangeable notes go towards repaying the company's existing debt, and assume the exchange for shares occurs a year from now.... More

Simmons Upgrades Weatherford International (WFT) to Overweight

June 3, 2016 6:31 AM EDT

Simmons, a unit of Piper Jaffray, upgraded Weatherford International (NYSE: WFT) from Neutral to Overweight with a price target of $8.00 (from $7.20).

Analyst Bill Herbert commented, "We are upgrading WFT to Overweight from Neutral as the recent $1B convert offering, in our view, redefines the... More