UPDATE: J.P. Morgan Reiterates Overweight Rating, Lowers PT on Weatherford International
Posted on November 21, 2012 at 12:42 PM EST
In a report published Wednesday, J.P. Morgan & Co. reiterated its Overweight rating on Weatherford International (NYSE: WFT ), but lowered its price target from $17.00 to $13.00. J.P. Morgan noted, “We continue to rate Weatherford Overweight but with a Dec-13 price target of $13 (from $17) based on an