Susquehanna Maintains Neutral on Transocean, Raises Price Target to $9
Portfolio Pulse from jenniferd'souza@benzinga.com
Susquehanna analyst Charles Minervino maintains a Neutral rating on Transocean (NYSE:RIG) and raises the price target from $7.5 to $9.
August 04, 2023 | 11:18 am
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POSITIVE IMPACT
Susquehanna maintains a Neutral rating on Transocean and raises the price target from $7.5 to $9. This could potentially attract investors, leading to a short-term increase in the stock price.
The raised price target by Susquehanna indicates a positive outlook for Transocean. This could potentially attract investors, leading to a short-term increase in the stock price. However, the Neutral rating suggests that the stock is expected to perform in line with the market or sector in the next 6-12 months, indicating a moderate level of importance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100