Transocean price target lowered to $6 from $7 at Barclays

Barclays lowered the firm’s price target on Transocean to $6 from $7 and keeps an Equal Weight rating on the shares following the Q4 results. The analyst says that with high-priced multi-year contracts come high upfront costs. good news is that the costs should be largely limited to 2023, the analyst tells investors in a research note.