Transocean price target lowered to $5.50 from $6.50 at Susquehanna

Susquehanna analyst Charles Minervino lowered the firm’s price target on Transocean to $5.50 from $6.50 and keeps a Neutral rating on the shares. The firm updated its model to reflect lower operating days in the first half of the year while the market outlook beyond for both the Harsh Environment and Ultra-Deepwater sides of the offshore market is encouraging.