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Fly News Breaks for August 27, 2015
MDR
Aug 27, 2015 | 09:40 EDT
Cowen said McDermott 's announcement of a $1.5B+ award from Saudi Aramco exceeds the value of new awards in 2013 and 2014 combined. The firm said the win supports its view that6 a successful turnaround is underway and recommends buying shares. Cowen rates McDermott an Outperform with a $7 price target.
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