Weatherford cut to Neutral from Buy at Goldman

|About: Weatherford International Ltd. (WFT)|By:, SA News Editor

Weatherford (WFT -1.4%) is lower after Goldman Sachs downgrades shares to Neutral from Buy with a $7.25 price target, saying Q1 consensus estimates are too high and cash flow remains weak, with outflows expected in Q1.

Goldman also thinks additional near-term catalysts are unlikely, and the firm does not foresee any significant strategy announcement coming out of WFT's earnings conference call.