Weatherford Stays Neutral
Posted on June 13, 2011 at 11:27 AM EDT
We reiterate our Neutral recommendation on Weatherford International Ltd. (NYSE:WFT) following the first quarter of 2011 earnings miss. However, robust results in the company’s North American segment keep us bullish on the same. Switzerland-based oilfield services’ company, Weatherford’s first quarter 2011 adjusted earnings missed our expectation largely due to lower-than-expected operating income across all the [...]