UPDATE: Morgan Stanley Reiterates on Weatherford International Ltd. Following 4Q13 Earnings Report
In a report published Wednesday, Morgan Stanley analyst Ole Slorer reiterated an Equal-Weight rating on Weatherford International Ltd. (NYSE: WFT), and raised the price target from $17.00 to $18.00.
In the report, Morgan Stanley noted, “WFT delivered in-line results, reiterated guidance, and resolved back office issues. WFT has a high possibility of becoming the turnaround story of 2014 as it divests non-core businesses, cuts costs, and reduces leverage. Not finding an acceptable price for non-core assets is a risk, in our view.”
Weatherford International Ltd. closed on Tuesday at $15.58.
Latest Ratings for WFT
|Oct 2014||Credit Suisse||Maintains||Outperform|
|Oct 2014||ISI Group||Initiates Coverage on||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.