Goldman Sachs Adds Transocean (RIG) to its Conviction Buy List; Removes Halliburton (HAL)

September 5, 2008 9:44 AM EDT

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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HAL 29.24

+1.14 +4.06%
Volume: 17,660,221
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RIG 85.27

+1.87 +2.24%
Volume: 3,494,427
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