Pritchard Capital Maintains Buy Rating for WG

Analysts at Pritchard Capital reiterated their Buy rating for shares of Willbros Group (WG) after the company reported mixed earnings yesterday. Pritchard Capital also lowered their price target for WG to $12 from $16 citing, "poor order rates in the quarter, along with lower margin assumptions for Downstream." Willbros Group, Inc. provides engineering, procurement, and construction services to the oil and gas, refinery, petrochemical, and power industries primarily in the United States, Canada, and Oman.