Market Overview

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

Share:

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
Jan 2020DowngradesOutperformerNeutral
Jan 2019DowngradesOutperformMarket Perform
Dec 2018DowngradesMarket PerformMarket Underperform

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)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
RNRBuckinghamMaintains200.0
HIGBuckinghamDowngrades63.0
BBD.BUBSMaintains2.4
NFLXUBSMaintains400.0
AMGNUBSMaintains238.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com