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Mcdermott International, Inc. (MDR) [hlAlert]

up 56.63 %

Mcdermott International, Inc. (MDR) downgraded to Underweight by HSBC Securities

Posted on: Wednesday,  Oct 16, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Mcdermott International, Inc. (NYSE: MDR) on 10/16/2013, when the stock price was $7.08. Since
then, Mcdermott International, Inc. has lost 36.16% as of 08/27/2015's recent price of $4.52.
If you would have followed this HSBC Securities's recommendation on MDR, you would have gained 56.63% of your investment in 680 days.

McDermott International, Inc. (MII) is an engineering and construction company with specialty manufacturing and service capabilities. MII provides a variety of products and services to customers in the energy and power industries, including utilities and other power generators, and national oil companies, and the United States Government. MII is the parent company of the McDermott group of companies, including J. Ray McDermott, S.A. (JRMSA) and The Babcock & Wilcox Company (B&W). The Company operates in three business segments: Offshore Oil and Gas Construction, Government Operations and Power Generation Systems. On December 31, 2008, the Company?s Government Operations segment completed its acquisition of Nuclear Fuel Services, Inc., a provider of specialty nuclear fuels and related services.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2013 8:25 AM Sell
as of 12/13/2013
1 Week down  -0.87 %
1 Month up  0.37 %
3 Months down  -13.41 %
1 YTD down  -13.41 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/8/2013 8:25 AM Hold
13.47 14.00

(*) Stock Price at the time of the recommendation.
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