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Fly News Breaks for April 12, 2017
WFT
Apr 12, 2017 | 20:33 EDT
Goldman Sachs analyst Waqar Syed downgraded Weatherford to Neutral from Buy and maintained his $7.25 price target. Syed told investors additional near-term catalysts are unlikely, Q1 consensus estimates are too high, cash flow remains weak and expects outflows in Q1, and does not expect any major strategy announcement on the Q1 call.
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