McDermott International

Citigroup commented on McDermott International (NYSE: MDR) in a report released today. In the report, Citigroup was slightly positive in its outlook of the company. Citigroup writes, “Since 5/10/11 MDR shares have generated a total return of (11.5%). In comparison, the S&P 500 and the E&C...

According to Morgan Keegan, McDermott International (NYSE: MDR) Outperform rating is maintained. Morgan Keegan said that McDermott is performing well in a somewhat challenging environment. “The substantial and improving visibility for future project awards is a further plus. Our positive long-term...

Citigroup has raised the price target on McDermott International (NYSE: MDR) from $28.50 to $33.50 and maintains its Buy rating. 

Citigroup has raised the price target on McDermott International (NYSE: MDR) from $28.50 to $33.50 and maintains its Buy rating. 

In a report published by Sterne Agee, McDermott International's (NYSE: MDR) project accounting method drives 4Q10 EPS below consensus despite scope expansions. Oppenheimer reported that the lower 4Q10EPS was owed to accounting rules and not execution. “In fact, we believe MDR executed at least as...

Jefferies & Company has raised the price target on McDermott International (NYSE: MDR) from $20 to $27 and maintains its Buy rating.

McDermott International (NYSE: MDR) reported a combined operating income of $189.5M which was 25.7% over the Jefferies & Company estimate, showing a 106.4% sequential jump and up 28.3% over this time 2009. 2Q EPS were reported as $0.60 compared to the $0.48 estimated by Jefferies, with GAAP...

KeyBanc Capital Markets analysts Tahira Afzal, Matt Tucker and Mark Aydin reiterated their Buy rating for shares of McDermott International, Inc. (NYSE: MDR) with a price target of $33. Following the McDermott International 4th quarter 2009 earnings call, the analysts lowered their 2010 earnings...