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Enter Symbol:
 
Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Mkt Perform
WFT
up 27.53 %

Weatherford International, Inc. (WFT) downgraded to Mkt Perform by Raymond James

Posted on: Thursday,  Sep 12, 2013  8:25 AM ET by Raymond James

Raymond James rated Mkt Perform Weatherford International, Inc. (NYSE: WFT) on 09/12/2013. Previously Raymond James rated Outperform Weatherford International, Inc. (NYSE: WFT)
on 03/21/2013., when the stock price was $11.66. Since then, Weatherford International, Inc. has gained 27.53% as of 09/12/2013's recent price of $14.87.
If you would have followed the previous Raymond James's recommendation on WFT, you would have gained 27.53% of your investment in 175 days.

Weatherford International Ltd . is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates in approximately 100 countries, which are located in nearly all of the oil and natural gas producing regions in the world. Its geographic reporting segments include North America, Latin America, Europe/West Africa/the Commonwealth of Independent States (CIS) and Middle East/North Africa/Asia. The Company?s product offerings are grouped into 10 service lines: artificial lift systems; drilling services; well construction; drilling tools; completion systems; wireline and evaluation services; re-entry and fishing; stimulation and chemicals; integrated drilling, and pipeline and specialty services. In August 2008, the Company acquired International Logging, Inc. (ILI). In January 2008, it sold its electrical submersible pumps (ESP) product line to Premier Business Solutions (PBS).

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2013 8:25 AM Hold
None
14.87
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  27.53 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/21/2013 8:25 AM Buy
None
11.66

(*) Stock Price at the time of the recommendation.
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