UPDATE: Morgan Stanley Downgrades Weatherford International, Says High Growth Likely
January 14, 2014 at 11:25 AM EST
In an report published Tuesday morning, Morgan Stanley analyst Ole Slorer downgrades Weatherford International (NYSE: WFT ) from Overweight to Equal-weight, lowering price target from $18.50 to $17. The report notes that a slow-growth environment is the primary catalyst, "While we do expect the company to put its back office