Goldman Sachs Adds Transocean (RIG) to its Conviction Buy List; Removes Halliburton (HAL)
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Goldman Sachs added Transocean Inc. (NYSE: RIG) to its Conviction Buy List, maintaining its Buy rating. The firm trimmed its price target on Transocean from $189 to $178. The firm said Transocean is levered to oil, where they see strong long-term fundamentals.
Goldman Sachs removed Halliburton (NYSE: HAL) from its Conviction Buy List, which Transocean replaced. Goldman maintained its Buy rating on Halliburton but cut its price target from $63 to $58.
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