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Weatherford International, Inc. (WFT) [hlAlert]

Rating:
Outperform
WFT
down 38.76 %

Weatherford International, Inc. (WFT) upgraded to Outperform by Credit Suisse

Posted on: Friday,  Sep 13, 2013  8:25 AM ET by Credit Suisse

Credit Suisse rated Outperform Weatherford International, Inc. (NYSE: WFT) on 09/13/2013, when the stock price was $15.17. Since
then, Weatherford International, Inc. has lost 38.76% as of 10/27/2015's recent price of $9.29.
If you would have followed this Credit Suisse's recommendation on WFT, you would have lost 38.76% of your investment in 774 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).

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2013 8:25 AM Buy
None
15.17
as of 12/13/2013
1 Week down  -3.15 %
1 Month down  -12.90 %
3 Months down  -3.03 %
1 YTD down  -3.03 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2012 8:25 AM Hold
None
12.29
10/20/2009 11:25 AM Buy
None
19.55 23.00
1/27/2009 9:25 AM Buy
None
11.18 13.00
9/24/2008 8:25 AM Buy
None
29.97 40.00
10/24/2007 9:25 AM Buy
None
32.16 41.00

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