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BUZZ-Weir: hits 6-mth highs in wake of rig count data

Reuters - UK Focus

** Weir up 3.4 pct at levels not seen since late November & top FTSE 100 riser

** Jefferies flags Baker Hughes' rig count data (out Friday) showing the slowest pace of weekly decline since late 2014 as a potential positive for sentiment towards Weir

** Broker says there are still concerns over downside risks to Weir's near-term forecasts, but investors could look through that if we're at an inflection point for the rig count

** Weir makes valves & pumps for energy & mining industries (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)