Goldman Sachs Downgrades McDermott (MDR) to Neutral, Expectations Too High
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Price: $0.70 --0%
Rating Summary:
4 Buy, 15 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 15 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded McDermott (NYSE: MDR) from Buy to Neutral with a price target of $13.00.
The firm said expectations for 2012/2013 are too high. In addition, execution issues could persist and they see greater upside to other names in coverage over the next 12 months.
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 $12.00 yesterday.
The firm said expectations for 2012/2013 are too high. In addition, execution issues could persist and they see greater upside to other names in coverage over the next 12 months.
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 $12.00 yesterday.
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