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Transocean (RIG) PT Raised to $2.50 at Cowen

August 5, 2021 6:31 AM EDT
Get Alerts RIG Hot Sheet
Price: $6.28 +0.48%

Rating Summary:
    15 Buy, 13 Hold, 14 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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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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