Cameron shares inexpensive, says Susquehanna Susquehanna said Cameron's diversified business model will offset subsea and pressure control concerns. The firm views shares as inexpensive and reiterates its Positive rating and $64 price target.
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Cameron sees 2H15 subsea to be 'well above' 1H15 levels Sees 2H15 surface segment to be lower than 1H15, although it says Q2 was low point for surface segment margins. Sees 2H15 drilling segment to be moderately lower than 1H15, with operating income to increase in remaining quarters. Sees FY15 corporate expenses $100M and FY15 interest expenses $140M.
Cameron announces 'significant' subsea order in the Gulf of Mexico The company said it will give more information on the order in an upcoming press release. Announcement made in Q2 earnings conference call.