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Sterne Agee Raises MDR Target To $29
Thursday, March 3, 2011 - 9:27am | 29Sterne Agee is raising its PT on shares of McDermott International Inc. (NYSE: MDR) to $29. McDermott International Inc. closed Wednesday at $24.49.
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Update: Citi Raising Price Target On McDermott International (MDR)
Thursday, March 3, 2011 - 8:44am | 160Citi Investment Research is raising its price target on shares of McDermott International Inc (NYSE: MDR) to $33.50, up from $28.50. It has a Buy rating on shares. In a note to clients, Citi writes, "McDermott reported 4Q10 EPS of $0.19 per diluted share, which compares to...
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Citigroup Raises PT On McDermott International To $33.50
Thursday, March 3, 2011 - 8:01am | 29Citigroup has raised the price target on McDermott International (NYSE: MDR) from $28.50 to $33.50 and maintains its Buy rating.
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Citigroup Raises PT On McDermott International To $33.50
Thursday, March 3, 2011 - 8:01am | 29Citigroup has raised the price target on McDermott International (NYSE: MDR) from $28.50 to $33.50 and maintains its Buy rating.
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Pritchard Ups MDR To Buy
Thursday, March 3, 2011 - 7:47am | 73Analysts at Pritchard upgrade McDermott International (NYSE: MDR) from “neutral” to “buy.” The target price for MDR has been raised from $19 to $29. MDR shares jumped 9.38% to close at $24.49 yesterday. <a href="http://www.benzinga....
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Mad Money Lightning Round: Cramer Likes Sourcefire (CMI, PAL, SPF, FIRE, OCLR, JDSU, KUB, CAT, CHTR, ACW, WAB, MDR)
Thursday, March 3, 2011 - 4:29am | 317On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Cummins (NYSE: CMI) has “been trading erratically, but the truck bull market lives and this one is going to $110." For North American Palladium (AMEX: PAL), he said, "I don't have a great knowledge about that business, but I...
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Fast Money Pops & Drops, March 2nd (JOYG, BUCY, MDR, TIVO, WFT, MMI, AAPL)
Wednesday, March 2, 2011 - 8:23pm | 321CNBC Fast Money's Tim Seymour said that Joy Global's (NASDAQ: JOYG) earnings results looked good, but the company missed on estimates. He added that Bucyrus International, Inc. (NASDAQ: BUCY) has really set the bar high for the sector. Joy Global (JOYG) fell 2.76% today, and closed at $94.32. Tim...
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Sterne Agee Comments On McDermott International's Below Consensus 4Q10
Wednesday, March 2, 2011 - 11:47am | 116In a report published by Sterne Agee, McDermott International's (NYSE: MDR) project accounting method drives 4Q10 EPS below consensus despite scope expansions. Oppenheimer reported that the lower 4Q10EPS was owed to accounting rules and not execution. “In fact, we believe MDR executed at least as...
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How To Trade The Fed's Beige Book Today (SPY, CAT, DE, MMM, BA, TGT)
Wednesday, March 2, 2011 - 9:36am | 206The Fed's Beige book is being released at 2:00 p.m. today, and the Beige Book will give us anecdotal evidence from the twelve Federal Reserve districts on current economic conditions. This is generally a market moving report, and traders and investors will be interested to see what the different...
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US Stock Futures Up As Investors Await Labor-Market Data, Oil Rises Above $100 Per Barrel
Wednesday, March 2, 2011 - 8:54am | 286US stock futures are higher this morning, as investors are awaiting labor-market data. Crude oil traded above $100 a barrel. Futures on the Dow Jones Industrial Average rose 27 points to 12,049.00 and futures on the S&P 500 stock index gained 3.6 points to 1,304.70. Nasdaq 100 futures gained 5....
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Mad Money Lightning Round: Cramer Dislikes NVIDIA (NVDA, MEE, WLT, BTU, GG, NGD, HAIN, WFMI, HERO, NBR, SLB)
Wednesday, March 2, 2011 - 5:35am | 222On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he can “no longer get behind NVIDIA (NASDAQ: NVDA).” For Massey Energy (NYSE: MEE), he said, "I'll let you own it for now. I think there's a better bid coming. But I still like Walter Industries (NYSE: WLT) and Peabody Energy (...
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Stocks To Watch For March 2 (SPLS, COST, MDR, JOYG, MET)
Wednesday, March 2, 2011 - 5:30am | 218Some of the stocks that may grab investor focus today are: Wall Street expects Staples Inc (NASDAQ: SPLS) to report its Q4 EPS at $0.40 on revenue of $6.48 billion. SPLS shares dropped 2.07% to close at $20.86 yesterday. Analysts are expecting Costco Wholesale Corp (NASDAQ: COST) to have earned $0...
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McDermott Wins Contracts Totaling More Than $700M
Tuesday, March 1, 2011 - 5:33pm | 84McDermott International, Inc. (NYSE: MDR) announced today that certain of its subsidiaries in the Middle East and Caspian region were recently awarded a number of contracts for offshore engineering and construction projects ranging from installation, through to full EPCI work, as part of our $2...
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McDermott Disappoints, Stock Drops (MDR)
Tuesday, March 1, 2011 - 5:15pm | 562McDermott (NYSE: MDR) disappointed Wall Street today by reporting EPS of $0.19/share, worse than the consensus estimate of $0.29/share. The stock of McDermott responded by trading over 5% lower in after-market in comparison to the close of regular trading. McDermott International today reported net...
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McDermott International Reports EPS of $0.19 vs. $0.29; Revenue $539.6M vs. $732.79M
Tuesday, March 1, 2011 - 5:10pm | 130McDermott International, Inc. (NYSE: MDR) today reported net income from continuing operations of $45.5 million, or $0.19 per diluted share, for the 2010 fourth quarter. The results of the 2010 fourth quarter compare to net income from continuing operations of $73.4 million, or $0.32 per diluted...