Seeking Alpha

McDermott (MDR -3.5%) is slammed on downgrades from Global Hunter and KeyBanc (I, II). MDR...

McDermott (MDR -3.5%) is slammed on downgrades from Global Hunter and KeyBanc (I, II). MDR turned in a subpar Q4, but Hunter points to an elevated execution risk from the ongoing transition to deeper-water plays, which brings into question the ability to reliably convert backlog to earnings. KeyBanc sees costs rising more than expected and posing additional risk to achieving margin forecasts.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs