Transocean (RIG) Tops Q2 EPS by 19c

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Simmons Raises Price Target on Transocean (RIG) to $4.65 Following 2Q

August 5, 2016 9:59 AM EDT

Simmons maintained an Underweight rating on Transocean (NYSE: RIG), and raised the price target to $4.65 (from $2.50), following the company's 2Q earnings report.

Analyst Ian Macpherson commented, "RIGs outsized Q2 cost beat and corresponding cost guidance reduction made this an impressive result among its peer... More

Susquehanna Upgrades Transocean (RIG) to Neutral

August 5, 2016 7:14 AM EDT

Susquehanna upgraded Transocean (NYSE: RIG) from Negative to Neutral with a price target of $11.00 (from $10.00).

For an analyst ratings summary and ratings history on Transocean click here. For more ratings news on Transocean click here.

Shares of Transocean closed at $10.83 yesterday.

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