Global Hunter Securities Downgrades McDermott (MDR) to Neutral

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Global Hunter Securities downgraded McDermott (NYSE: MDR) from Buy to Neutral with a price target of $11.00 (from $14.00).

For an analyst ratings summary and ratings history on McDermott click here. For more ratings news on McDermott click here.

Shares of McDermott closed at $10.70 yesterday, with a 52 week range of $9.04-$15.35.

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