Transocean (RIG) PT Raised to $2.50 at Cowen

Cowen analyst Marc Bianchi raised the price target on Transocean (NYSE: RIG) to $2.50 (from $2.00) while maintaining a Market Perform rating.

The analyst commented, "We are becoming increasingly optimistic regarding the company's liquidity challenges in 2023 and beyond and slightly raise our estimates and price target to $2.50 from $2. However, given the substantial risks still present and a valuation that isn't particularly compelling we maintain our Market Perform rating."

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