Weatherford (NYSE:WFT) was upgraded by research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $17.00 target price on the stock, up from their previous target price of $13.00.
BMO Capital Markets’ target price would indicate a potential upside of 5.59% from the stock’s previous close. Shares of Weatherford (NYSE:WFT) traded up 0.56% on Wednesday, hitting $16.19. The stock had a trading volume of 3,646,233 shares. Weatherford has a one year low of $8.84 and a one year high of $16.16. The stock has a 50-day moving average of $15.47 and a 200-day moving average of $14.12. The company’s market cap is $12.429 billion.
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