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

Stocks with call strike movement; SRPT VRX WFT FCX

Sarepta (NASDAQ: SRPT) August 18 call option implied volatility decreased 2% to 211, Valeant (NYSE: VRX) August 35 call option implied volatility increased 2% to 84. Weatherford (NYSE: WFT) August 7 call option implied volatility increased 3% to 77, Freeport McMoRan (NYSE: FCX) August 13 call option implied volatility increased 4% to 65 according to IVolatility.

Notable Analyst Rating Changes 6/3: (UNP) (DE) (WFT) Upgraded; (ICLR) (TSL) (PCAR) Downgraded

UPGRADES
Morgan Stanley upgrades Union Pacific (NYSE: UNP) from Equalweight to Overweight and adjusts its price target from $78 to $90.

Goldman Sachs lifts Deere (NYSE: DE) from Neutral to Buy and moves its price target from... More

Pre-Open Stock Movers 06/03: (TLN) (IMMU) (AMBA) Higher; (WRES) (ONTY) (ZUMZ) Lower (more...)

Pre-Open Stock Movers:

Warren Resources (NASDAQ: WRES) 20.6% LOWER; Files for Bankruptcy in Texas - Bloomberg

Talen Energy Corporation (NYSE: TLN) 16.2% HIGHER; announced that it has entered into a definitive merger agreement with affiliates of Riverstone Holdings LLC , a private investment firm. Under terms of the merger agreement, all outstanding shares of... More

Simmons Upgrades Weatherford International (WFT) to Overweight

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

Weatherford's (WFT) Buy Rating Reiterated at Deutsche Bank

Deutsche Bank earlier reiterated a Buy rating on Weatherford International (NYSE: WFT) with a price target of $8. Comments follow the company's debt refinancing.

Analyst Mike Urban said, "WFT completed an overnight offering of $1.1B in exchangeable senior notes and a simultaneous... More

Today's Two Stealth Growth Ideas 06/02

In today's issue of Stealth Growth Insider we've highlighted one turnaround play and one momentum name.

Weatherford (NYSE: WFT) - Debt refinancing ensures the company's viability for at least two years offering the opportunity to cash in as oil... More

Pre-Open Stock Movers 06/02: (BWEN) (RPRX) (CIEN) Higher; (CONN) (SRPT) (DV) Lower (more...)

Today's Pre-Open Stock Movers:

Broadwind Energy (NASDAQ: BWEN) 22.9% HIGHER;... More

Weatherford (WFT) Debt Refinancing Removes Overhang and Should Increase Multiple - Nomura

Nomura analyst, Matthew Johnston, believes liquidity concerns swirling around Weatherford International (NYSE: WFT) have intensified over the last month. A weak free cash flow performance in 1Q exacerbated doubts with respect to inventory draw down, free cash flow targets, and, ultimately, WFTs ability... More

Weatherford (WFT) Prices Larger Aggregate $1.1B Exchangeable Senior Notes Offering

Weatherford International plc (NYSE: WFT) announced the pricing of an upsized underwritten public offering (the "Offering") of $1.1 billion aggregate principal amount of exchangeable senior notes due 2021 (the "Notes") by Weatherford International Ltd., a Bermuda exempted company and indirect, wholly owned subsidiary of the Company ("Weatherford Bermuda"). The underwriters have an option for 30 days to purchase up to an additional $165 million aggregate principal amount of Notes. The Notes will pay interest at a rate of 5.875% per year and were priced at par. The Offering is expected to close June 7, 2016, subject to customary closing... More