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Bull of the Day

Weatherford International (WFT)`

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May 26, 2009 |Comments: 0
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WFT

Weatherford (WFT) shares have outperformed both the peer group as well as the S&P 500 in the year-to-date period. This reflects the company's strong and growing international footprint, where its integrated project management expertise positions it to capture significant market share going forward.

We believe that Weatherford can navigate the current downturn, aided by a positive outlook for its integrated project management expertise, an improved cost structure in North America, and an expected double-digit growth in international business.

Our Buy recommendation remains unchanged, though we have lowered our estimates to reflect the North American softness.

Weatherford International (WFT)` : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on WFT

 

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