Weatherford International (WFT)
by Zacks Equity ResearchOctober 15, 2012 | Comments : 0 Recommended this article: (0)
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Low gas prices also remain a concern. Other risks faced by Weatherford are geopolitical, commodity and financial market risks. Given these headwinds, we expect shares of Weatherford to be under pressure in the near future.
Considering these factors, we see little reason for investors to own the stock and therefore we are maintaining our recommendation at Underperform. Our $11 price objective is based on 10.8x our 2012 EPS estimate.
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