McDermott Reports Second Quarter 2015 Financial and Operational Results
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Imperial Capital Cuts Price Target on McDermott Int'l (MDR) Following 2Q15
August 12, 2015 7:58 AM EDTImperial Capital maintained an Outperform rating on McDermott (NYSE: MDR), and cut the price target to $5.50 (from $6.00), following its 2Q15 earnings report. MDR reported adjusted EPS of $0.12, well above consensus of -$0.05. Revenue totaled $1,047mn beating $830.3mn.
Analyst Scott Levine commented, "We are... More
