UPDATE: ISI Group Downgrades Weatherford International to Neutral on Continued Headwinds
May 06, 2013 at 10:21 AM EDT
In a report published Monday, ISI Group analyst Judson E. Bailey downgraded the rating on Weatherford International Ltd. (NYSE: WFT ) from Strong Buy to Neutral. In the report, Bailey noted, “Although we believe WFT's accounting issues are largely in the rear view mirror, we believe the Company's next phase