Susquehanna analyst Charles Minervino raised the firm’s price target on Transocean to $6 from $5.50 and keeps a Neutral rating on the shares. The analyst said we have raised our target multiple given the improving offshore environment as the company continues to add to its backlog, though at this time we see more upside in other stocks in the sector.
Published first on TheFly
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Read More on RIG:
- Transocean price target lowered to $6 from $7 at Barclays
- Transocean reports Q4 adjusted EPS (49c), consensus (21c)
- Transocean Ltd. Reports Fourth Quarter and Full Year 2022 Results
- Transocean options imply 8.6% move in share price post-earnings
- Transocean downgraded to Equal Weight from Overweight at Barclays
