Morgan Stanley Reiterates Equal-Weight on Transocean, Maintains $8 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has reiterated an Equal-Weight rating on Transocean (NYSE:RIG) and maintained a price target of $8.

July 06, 2023 | 2:13 pm
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Morgan Stanley has reiterated an Equal-Weight rating on Transocean and maintained a price target of $8.
The news is directly about Transocean and its rating by Morgan Stanley. The Equal-Weight rating suggests that the stock is expected to perform in line with the market or other stocks in its sector. The maintained price target indicates that the analyst's view on the stock has not changed. This is likely to have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100