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Fly News Breaks for April 5, 2018
WFT
Apr 5, 2018 | 08:20 EDT
SunTrust analyst Ken Sill kept his Buy rating and $6 price target on Weatherford. Sill says that his expectations for the Western Hemisphere are being reduced due to completion delays, low gas prices, and high discounts for Canadian heavy oil, but low expectations and the anticipated announcement of the Middle East rig sale could serve as catalysts for the upside in the stock. The analyst also sees "tremendous option value" for Weatherford with crude oil prices above $60 per barrel.
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