McDermott Int'l (MDR) Reports Q1 Loss Per Share of 2c

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McDermott (MDR) PT Lifted to $6.50 at Credit Suisse

May 12, 2015 8:09 AM EDT

Credit Suisse analyst J. Cook reiterated an Outperform rating and lifted estimates and his price target on McDermott (NYSE: MDR) to $6.50 (from $3.50) after Q1 results that beat views.

"The beat was profit driven tied to improved project execution and $24M in positive change... More