Jefferies Upgrades Transocean (RIG) to Buy
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Price: $5.92 -1.5%
Rating Summary:
12 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
12 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies upgraded Transocean (NYSE: RIG) from Hold to Buy and raised their price target from $79 to $80.
The firm said, "With the jack-up and UDW rig segments on the verge of achieving real pricing power for the first time in several years, we are taking a more positive stance on the offshore drillers."
For more ratings news on Transocean click here and for the rating history of Transocean click here.
Shares of Transocean closed at $60.59 yesterday.
The firm said, "With the jack-up and UDW rig segments on the verge of achieving real pricing power for the first time in several years, we are taking a more positive stance on the offshore drillers."
For more ratings news on Transocean click here and for the rating history of Transocean click here.
Shares of Transocean closed at $60.59 yesterday.
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