Oppenheimer is out with its report on Weatherford International WFT.
In a note to clients, Oppenheimer writes, "After 26% upside since October (S&P500 up 5%), the stock could see near-term profit taking. However, continued earnings momentum through 2012 leads us to raise our price target to $28 from $23 based on our 2012 estimate. Reiterate Outperform."
WFT closed yesterday at $21.16.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsEnergyOil & Gas Equipment & ServicesOppenheimerweatherford international
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