Susquehanna analyst Charles Minervino raised the firm’s price target on Transocean to $6.50 from $6 and keeps a Neutral rating on the shares. The firm has "modestly lowered" second half estimates for many of the North American oilfield services companies in its coverage heading into Q1 earnings season for the group, citing economic uncertainty, low natural gas prices and risk to drilling and completions activity.
Published first on TheFly
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