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.
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Read More on RIG:
- Transocean price target lowered to $6 from $7 at Barclays
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