McDermott (MDR) Shares Move Slightly Higher as DA Davidson Upgrades to Buy

May 14, 2012 12:13 PM EDT
Get Alerts MDR Hot Sheet
Price: $7.55 --0%

Rating Summary:
    7 Buy, 17 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 13 | New: 9
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DA Davidson upgraded shares of McDermott (NYSE: MDR) from Neutral to Buy Monday afternoon. The price target was revised higher from $14 to $16.

McDermott shares seem to have ticked higher following the mid-day upgrade. Although still down about 1.9 percent at last check, the stock is off session lows.

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

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