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Stock Market & Financial Investment News

News Breaks
February 28, 2013
18:16 EDTMDRMcDermott sees FY13 revenue in the range of $3B, consensus $3.12B
In a press release the company said: "McDermott’s improved revenue visibility for 2013, including our expectation for total revenue in the range of $3B in 2013, our expectation that McDermott will recognize $2.6 billion in revenue in 2013 from existing backlog and recent awards."
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April 14, 2015
10:01 EDTMDROn The Fly: Analyst Upgrade Summary
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05:36 EDTMDRMcDermott upgraded to Outperform from In-Line at Imperial Capital
Imperial Capital upgraded McDermott to Outperform saying the company will benefit from growing demand for offshore oil and gas construction services. The firm raised its price target for shares to $6 from $4.

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