NEW YORK, Feb 28 (Reuters) - McDermott International shares present a solid buying opportunity, due to speculation about a possible takeover of one of its divisions, and solid financial results from its oil service division, according to Barron's.
The financial weekly, in its latest issue, cites Mark Minichiello, a money manager at QCA Capital Management, as saying shares could be worth $26.50. QCA has been buying McDermott shares recently.
McDermott closed at $22.85 on Friday on the New York Stock Exchange.
(Reporting by Paul Thomasch, editing by Maureen Bavdek)
((paul.thomasch@thomsonreuters.com; 1 646 223-6092; Reuters Messaging: paul.thomasch.reuters.com@reuters.com)) Keywords: MCDERMOTT/ (Visit http://blogs.reuters.com/mediafile/ for more coverage at the Reuters MediaFile blog) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The financial weekly, in its latest issue, cites Mark Minichiello, a money manager at QCA Capital Management, as saying shares could be worth $26.50. QCA has been buying McDermott shares recently.
McDermott closed at $22.85 on Friday on the New York Stock Exchange.
(Reporting by Paul Thomasch, editing by Maureen Bavdek)
((paul.thomasch@thomsonreuters.com; 1 646 223-6092; Reuters Messaging: paul.thomasch.reuters.com@reuters.com)) Keywords: MCDERMOTT/ (Visit http://blogs.reuters.com/mediafile/ for more coverage at the Reuters MediaFile blog) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.