Imperial Capital Initiates McDermott With In-line

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Analysts at Imperial Capital initiated coverage on McDermott International (NYSE: MDR) with a In-line rating. The target price for McDermott International is set to $5. McDermott shares have dropped 38.93% over the past 52 weeks, while the S&P 500 index has gained 13.21% in the same period.McDermott's shares fell 6.53% to close at $4.44 yesterday.

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