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Fly News Breaks for March 7, 2017
HAL, WFT
Mar 7, 2017 | 08:19 EDT
Cowen analyst Marc Bianchi noted Weatherford (WFT) has disappointed investors multiple times but he believes the company will be given another chance with its appointment of Mark McCollum as the new CEO. Bianchi sees the appointment of Halliburton's (HAL) former CFO as a net positive and said Weatherford remains a top pick. Bianchi reiterated his Outperform rating and $7 price target on Weatherford shares, which are up more than 15% to $6.80 in pre-market trading.
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