Jefferies Maintains Buy on Weatherford Int'l

Jefferies is out with its report today on Weatherford Int'l WFT, maintaining Buy. In a note to clients, Jefferies writes, "Following a recent meeting with management, we are slightly more comfortable that WFT is moving in the right direction. We maintain our Buy and believe WFT will benefit when the international recovery gains momentum." Jefferies maintains a $26 PT on WFT. At the time of posting, shares of WFT were trading pre-market at $17.30, up 1.17% from Thursday's close.