Dahlman Rose Has Buy Rating On Weatherford International

Dahlman Rose is out with a research report on Weatherford International Ltd. (NYSE: WFT) and it has a Buy rating and a $29 price target on shares.

In a note to clients, Dahlman Rose writes, "We continue to believe that Weatherford International is poised for a strong earnings recovery in the next 2-3 years, benefiting from double-digit growth in both North American and international exploration and production expenditures in 2012 and 2013, continued improvement in North American operating margins, and a substantial recovery in international operating margins. The primary drivers will be North America, Latin America, Russia, and the Middle East."

Shares of WFT gained $2.04 yesterday to close at $22.49.