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Stock Market & Financial Investment News

News Breaks
May 30, 2014
09:38 EDTMDRMcDermott consortium selected in Gendalo-Gehem tender process
McDermott International announced that a consortium, which includes subsidiaries of McDermott and PT Encona Inti Industri, has been notified of its selection as the successful bidder in the tender process for an engineering, procurement and construction contract for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia. Award of the contract will be subject to various conditions, including government and regulatory approvals and final investment decision.
News For MDR From The Last 14 Days
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April 26, 2015
12:50 EDTMDRApple, Celgene, others are 'top picks' for spring, Barron's says
In a survey of U.S. money managers, shares of Apple (AAPL), Dow Chemical (DOW), American Airlines (AAL), Celgene (CELG), General Motors (GM), and McDermott (MDR) were identified as top picks for this spring, Barron's contends in its cover story. Reference Link
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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