Morgan Keegan Starts McDermott (MDR) at Outperform, Sets $31.50 Price Target

April 18, 2011 5:41 PM EDT
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Price: $7.58 +1.61%

Rating Summary:
    7 Buy, 17 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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An analyst at Morgan Keegan initiated coverage on McDermott (NYSE: MDR) shares with an Outperform rating and a $31.50 price target Monday.

With McDermott shares closing at $22.72 Monday, Morgan Keegan's new price target suggests potential upside of about 39 percent.

For more ratings news on McDermott click here and for the rating history of McDermott click here.

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