Barclays Maintains Equal-Weight on Transocean, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson has maintained an Equal-Weight rating on Transocean (NYSE:RIG) and raised the price target from $6 to $7.
August 07, 2023 | 10:51 am
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Barclays has maintained an Equal-Weight rating on Transocean and raised the price target from $6 to $7.
The news is directly related to Transocean (RIG). Barclays' decision to maintain an Equal-Weight rating indicates a neutral outlook for the company. However, the increase in price target from $6 to $7 suggests a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100