Market Overview

UPDATE: Morgan Stanley Reiterates on Weatherford International Ltd. Following 4Q13 Earnings Report

Related WFT
Halliburton Beats Q3 Earnings, Ups Dividend - Shares Rise
What Is A High Risk Market?
Making Money with Charles Payne: 8/27/14 (Fox Business)

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

DateFirmActionFromTo
Oct 2014CitigroupMaintainsBuy
Oct 2014Credit SuisseMaintainsOutperform
Oct 2014ISI GroupInitiates Coverage onBuy

View More Analyst Ratings for WFT
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Ole SlorerAnalyst Color Price Target Analyst Ratings

 

Related Articles (WFT)

Around the Web, We're Loving...

Get Benzinga's Newsletters