Teleflex Incorporated (NYSE: TFX), C.R. Bard, Inc. (NYSE: BCR), MedAssets, Inc. (NASDAQ: MDAS), Becton Dickinson And Co (NYSE: BDX), McDermott International (NYSE: MDR) and Cameron (NYSE: CAM) price targets adjusted by analysts.
Teleflex Incorporated (TFX) had its price target lowered by Morgan Keegan from $65.00 to $58.00. They have a “Market Perform” rating on the company.
C.R. Bard, Inc. (BCR) had its price target lowered by Morgan Keegan from $115.00 to $107.00. They have an “Outperform” rating on the company.
MedAssets, Inc. (MDAS) had its price target lowered by Auriga from $21.00 to $19.00. They have a “Buy” rating on the company.
Becton Dickinson And Co. (BDX) had its price target lowered by Morgan Keegan from $90.00 to $86.00. They have a “Market Perform” rating on the company.
McDermott International (MDR) had its price target lowered by Morgan Keegan from $29.00 to $24.00. They have an “Outperform” rating on the company.
Cameron (CAM) had its price target lowered by Morgan Keegan from $68.00 to $61.00. They have an “Outperform” rating on the company.
Showing posts with label McDermott. Show all posts
Showing posts with label McDermott. Show all posts
Wednesday, August 17, 2011
Monday, August 8, 2011
MIPS (MIPS) (CECO) (DF) (ECHO) (FLR) (MDR) Price Targets Changed
MIPS Technologies, Inc. (NASDAQ: MIPS), Career Education Corp. (NASDAQ: CECO), Dean Foods Co (NYSE: DF), Echo Global Logistics Inc (NASDAQ: ECHO), Fluor Co. (NYSE: FLR) and McDermott International (NYSE: MDR) price targets adjusted by analysts.
Career Education Corp. (CECO) had its price target lowered by Citigroup (NYSE:C) to $21.00. They have a “Hold” rating on the company.
Dean Foods Co. (DF) had its price target lowered by UBS AG (NYSE:UBS) from $13.00 to $10.00. They have a “Neutral” rating on the company.
Echo Global Logistics Inc. (ECHO) had its price target raised by Barrington Research from $18.00 to $22.00. They have an “Outperform” rating on the company.
Fluor Co. (FLR) had its price target lowered by UBS AG from $84.00 to $77.00. They have a “Buy” rating on the company.
McDermott International (MDR) had its price target lowered by Credit Suisse (NYSE:CS) to $26.00. They have an “Outperform” rating on the company.
MIPS Technologies, Inc. (MIPS) had its price target lowered by The Benchmark Company from $11.00 to $8.00. They have a “Buy” rating on the company.
Career Education Corp. (CECO) had its price target lowered by Citigroup (NYSE:C) to $21.00. They have a “Hold” rating on the company.
Dean Foods Co. (DF) had its price target lowered by UBS AG (NYSE:UBS) from $13.00 to $10.00. They have a “Neutral” rating on the company.
Echo Global Logistics Inc. (ECHO) had its price target raised by Barrington Research from $18.00 to $22.00. They have an “Outperform” rating on the company.
Fluor Co. (FLR) had its price target lowered by UBS AG from $84.00 to $77.00. They have a “Buy” rating on the company.
McDermott International (MDR) had its price target lowered by Credit Suisse (NYSE:CS) to $26.00. They have an “Outperform” rating on the company.
MIPS Technologies, Inc. (MIPS) had its price target lowered by The Benchmark Company from $11.00 to $8.00. They have a “Buy” rating on the company.
Thursday, May 19, 2011
Ratings on (CSCO) (LXK) (MDR) (RJF) (SLXP) Reiterated
Ratings on Cisco Systems, Inc. (NASDAQ: CSCO), Lexmark International, Inc. (NYSE: LXK), McDermott International (NYSE: MDR), Raymond James (NYSE: RJF) and Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) reiterated by analysts.
Sterne Agee reiterated a “buy” rating on Cisco Systems, Inc. (CSCO). They have a price target of $29.00 on the company.
Bank of America (NYSE:BAC) reiterated an “underperform” rating on Lexmark International, Inc. (LXK). They have a price target of $34.00 on the company.
Morgan Keegan reiterated an “outperform” rating on McDermott International (MDR). They have a price target of $32.50 on the company, up from $31.50.
Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on Raymond James (RJF). They have a price target of $39.00 on the company.
Duncan Williams reiterated a “buy” rating on Salix Pharmaceuticals, Ltd. (SLXP).
Sterne Agee reiterated a “buy” rating on Cisco Systems, Inc. (CSCO). They have a price target of $29.00 on the company.
Bank of America (NYSE:BAC) reiterated an “underperform” rating on Lexmark International, Inc. (LXK). They have a price target of $34.00 on the company.
Morgan Keegan reiterated an “outperform” rating on McDermott International (MDR). They have a price target of $32.50 on the company, up from $31.50.
Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on Raymond James (RJF). They have a price target of $39.00 on the company.
Duncan Williams reiterated a “buy” rating on Salix Pharmaceuticals, Ltd. (SLXP).
Wednesday, May 18, 2011
EPS Est on (MDR) (TEVA) (WMT) Updated
EPS estimates on McDermott International (NYSE: MDR), Teva Pharmaceutical Industries Ltd (NASDAQ: TEVA) and Wal-Mart Stores Inc (NYSE: WMT) updated by analysts.
UBS AG (NYSE:UBS) cut their EPS estimates on McDermott International (MDR). They have a “buy” rating and a price target of $28.00 on the company.
Morgan Stanley (NYSE:MS) raised their EPS on Teva Pharmaceutical Industries Ltd (TEVA). They have an “equal weight” rating on the company.
Jefferies (NYSE:JEF) raised their EPS on Wal-Mart Stores Inc (WMT). They have a “buy” rating and a price target of $61.00 on the company.
UBS AG (NYSE:UBS) cut their EPS estimates on McDermott International (MDR). They have a “buy” rating and a price target of $28.00 on the company.
Morgan Stanley (NYSE:MS) raised their EPS on Teva Pharmaceutical Industries Ltd (TEVA). They have an “equal weight” rating on the company.
Jefferies (NYSE:JEF) raised their EPS on Wal-Mart Stores Inc (WMT). They have a “buy” rating and a price target of $61.00 on the company.
Tuesday, May 17, 2011
Ratings on (HD) (HT) (INXN) (KMX) (MDR) Reiterated
Ratings on Home Depot (NYSE: HD), Hersha Hospitality Trust (NYSE: HT), InterXion Holding (NASDAQ: INXN), CarMax, Inc (NYSE: KMX) and McDermott International (NYSE: MDR) were reiterated by analysts.
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on Home Depot (HD). They now have a price target of $38.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on Hersha Hospitality Trust (HT). They have a price target of $7.50 on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on InterXion Holding (INXN). They have a price target of $17.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on CarMax, Inc (KMX). They have a price target of $35.00 on the company.
Citigroup reiterated a “buy” rating on McDermott International (MDR). They have a price target of $33.50 on the company.
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on Home Depot (HD). They now have a price target of $38.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated an “outperform” rating on Hersha Hospitality Trust (HT). They have a price target of $7.50 on the company.
Citigroup (NYSE:C) reiterated a “buy” rating on InterXion Holding (INXN). They have a price target of $17.00 on the company.
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on CarMax, Inc (KMX). They have a price target of $35.00 on the company.
Citigroup reiterated a “buy” rating on McDermott International (MDR). They have a price target of $33.50 on the company.
Monday, January 10, 2011
Fluor (NYSE:FLR), Foster Wheeler (Nasdaq:FWLT), McDermott (NYSE:MDR), CB&I (NYSE: CBI) Barclays' Favorite E&C Picks
Saying they prefer "oily" E&C picks for 2011, Barclays (NYSE:BCS) favorites in the sector are Fluor (NYSE:FLR), Foster Wheeler (Nasdaq:FWLT), McDermott (NYSE:MDR) and CB&I (NYSE:CBI).
Barclays said, "We remain bullish regarding the prospects for many of our Engineering and Construction stocks under coverage in 2011, led by continued global economic improvement, higher oil demand/pricing, and accelerated growth in oil & gas awards.
"We still like "oily" E&Cs with significant international exposure (our favorites remain Fluor (NYSE: FLR), Foster Wheeler (Nasdaq: FWLT), McDermott (NYSE: MDR), and CB&I (NYSE: CBI)) when analyzing E&C potential growth and stock price performance in 2011 and introduce target multiples on 2012 earnings that are two turns higher than our previous multiples.
"We maintain our target P/E valuation multiple of E&Cs with significant exposure to domestic power/utilities as we believe meaningful recovery in utility spending is still slated for the late 2011/2012 timeframe, including expected ramp-up in commercial nuclear and emissions control work (Shaw Group (Nasdaq:SHAW), Babcock (NYSE:BWC), MasTec (NYSE:MTZ))."
Fluor closed Friday at $65.92, gaining $0.57, or 0.87 percent. Foster Wheeler closed at $34.88, down $0.32, or 0.91 percent. McDermott closed at $20.04, gaining $0.11, or 0.55 percent. CB&I ended the session at $32.88, up $0.61, or 1.89 percent.
Barclays said, "We remain bullish regarding the prospects for many of our Engineering and Construction stocks under coverage in 2011, led by continued global economic improvement, higher oil demand/pricing, and accelerated growth in oil & gas awards.
"We still like "oily" E&Cs with significant international exposure (our favorites remain Fluor (NYSE: FLR), Foster Wheeler (Nasdaq: FWLT), McDermott (NYSE: MDR), and CB&I (NYSE: CBI)) when analyzing E&C potential growth and stock price performance in 2011 and introduce target multiples on 2012 earnings that are two turns higher than our previous multiples.
"We maintain our target P/E valuation multiple of E&Cs with significant exposure to domestic power/utilities as we believe meaningful recovery in utility spending is still slated for the late 2011/2012 timeframe, including expected ramp-up in commercial nuclear and emissions control work (Shaw Group (Nasdaq:SHAW), Babcock (NYSE:BWC), MasTec (NYSE:MTZ))."
Fluor closed Friday at $65.92, gaining $0.57, or 0.87 percent. Foster Wheeler closed at $34.88, down $0.32, or 0.91 percent. McDermott closed at $20.04, gaining $0.11, or 0.55 percent. CB&I ended the session at $32.88, up $0.61, or 1.89 percent.
Tuesday, November 30, 2010
Fluor (NYSE:FLR), Foster Wheeler (Nasdaq:FWLT), McDermott (NYSE:MDR), KBR (NYSE:KBR) EPS Estimates Raised
Saying energy infrastructure will lead the Engineering & Construction sector in 2011, Gleacher & Co. said they're raising their earnings estimates on Fluor (NYSE:FLR), Foster Wheeler (Nasdaq:FWLT), McDermott (NYSE:MDR) and KBR (NYSE:KBR).
Gleacher stated, "In conjunction with rolling out our 2012 EPS estimates, we are increasing our price targets on Fluor to ($67 from $60), Foster Wheeler ($35 from $30), McDermott ($23 from $21) and KBR, Inc. ($33 from $30). We believe the trough in industry backlog is behind us and market conditions are favorable for energy infrastructure equity appreciation.
"In general, we maintain our view that international energy/mining infrastructure companies will drive better investor returns than domestic Federal and energy exposed companies. Gulf Island and B&W are exceptions to our thesis as we believe pure-play Gulf of Mexico fabrication and nuclear will outperform other US
end-markets."
Gleacher has a "Buy" rating on the the stocks mentioned above.
Flour closed Monday at $57.98, gaining $0.39, or 0.68 percent. Foster Wheeler ended the session at $29.11, rising by $0.33, or 1.15 percent. McDermott International closed the day at $18.17, dropping $0.22, or 1.20 percent. KBR ended at $27.68, losing $0.06, or 0.22 percent.
Gleacher stated, "In conjunction with rolling out our 2012 EPS estimates, we are increasing our price targets on Fluor to ($67 from $60), Foster Wheeler ($35 from $30), McDermott ($23 from $21) and KBR, Inc. ($33 from $30). We believe the trough in industry backlog is behind us and market conditions are favorable for energy infrastructure equity appreciation.
"In general, we maintain our view that international energy/mining infrastructure companies will drive better investor returns than domestic Federal and energy exposed companies. Gulf Island and B&W are exceptions to our thesis as we believe pure-play Gulf of Mexico fabrication and nuclear will outperform other US
end-markets."
Gleacher has a "Buy" rating on the the stocks mentioned above.
Flour closed Monday at $57.98, gaining $0.39, or 0.68 percent. Foster Wheeler ended the session at $29.11, rising by $0.33, or 1.15 percent. McDermott International closed the day at $18.17, dropping $0.22, or 1.20 percent. KBR ended at $27.68, losing $0.06, or 0.22 percent.
Friday, November 19, 2010
Fluor (NYSE:FLR), McDermott (NYSE:MDR) Remain Attractive to Barclays (NYSE:BCS)
In the U.S. Engineering & Construction, Barclays (NYSE:BCS) remains a bull on Fluor (NYSE:FLR) and McDermott (NYSE:MDR).
"After meeting with FLR and MDR at BarCap's Energy/E&C conference, we remain bullish on both stocks. We see several commonalities between the two companies including: 1) we think both companies can continue to grow backlog over the near to medium term, 2) both management teams seem focused on being as proactive as possible in risk mitigation of their project portfolios, and 3) both management teams seem like they will be prudent but proactive regarding significant cash deployment," said Barclays.
"FLR management not surprisingly continues to be bullish regarding
significant potential oil & gas opportunities in the near term including the large multi-billion dollar Santos GLNG opportunity, which we still think could be booked by the end of 2010. Importantly, we think FLR may have more of a handle around its problematic Greater Gabbard offshore wind project than we thought.
"MDR management continues to be bullish on near-to-medium-term prospects for larger bookings in Asia and especially in the Middle East, while the Atlantic Basin could be a significant source of longer-term growth. While timing of new awards for MDR is always difficult to determine, we think MDR's good customer relationships in the Middle East and Asia could mean lumpy but generally increasing backlog for the company in 2011. Moreover, MDR management seems to be very focused on proactively mitigating risk throughout its project portfolio."
Fluor surged Thursday, closing at $57.08, gaining $2.13, or 3.88 percent. McDermontt closed at $17.64, gaining $0.35, or 2.02 percent. Trading volume for both companies was above 3-month daily averages.
"After meeting with FLR and MDR at BarCap's Energy/E&C conference, we remain bullish on both stocks. We see several commonalities between the two companies including: 1) we think both companies can continue to grow backlog over the near to medium term, 2) both management teams seem focused on being as proactive as possible in risk mitigation of their project portfolios, and 3) both management teams seem like they will be prudent but proactive regarding significant cash deployment," said Barclays.
"FLR management not surprisingly continues to be bullish regarding
significant potential oil & gas opportunities in the near term including the large multi-billion dollar Santos GLNG opportunity, which we still think could be booked by the end of 2010. Importantly, we think FLR may have more of a handle around its problematic Greater Gabbard offshore wind project than we thought.
"MDR management continues to be bullish on near-to-medium-term prospects for larger bookings in Asia and especially in the Middle East, while the Atlantic Basin could be a significant source of longer-term growth. While timing of new awards for MDR is always difficult to determine, we think MDR's good customer relationships in the Middle East and Asia could mean lumpy but generally increasing backlog for the company in 2011. Moreover, MDR management seems to be very focused on proactively mitigating risk throughout its project portfolio."
Fluor surged Thursday, closing at $57.08, gaining $2.13, or 3.88 percent. McDermontt closed at $17.64, gaining $0.35, or 2.02 percent. Trading volume for both companies was above 3-month daily averages.
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