Weatherford International (WFT)` – Bull of the Day
Source: http://www.zacks.com/commentary/10993/Weatherford+International++%28WFT%29%60+-+Bull+of+the+DayPosted on Tuesday, May 26th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
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.Zacks Investment Research
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