Piper Sandler Maintains Neutral on Transocean, Raises Price Target to $7
Portfolio Pulse from jenniferd'souza@benzinga.com
Piper Sandler analyst Luke Lemoine has maintained a Neutral rating on Transocean (NYSE:RIG) and raised the price target from $5 to $7.

August 14, 2023 | 2:04 pm
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NEUTRAL IMPACT
Piper Sandler has maintained a Neutral rating on Transocean and raised the price target from $5 to $7.
The news is directly about Transocean (RIG). Piper Sandler's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $5 to $7 suggests a positive outlook in the longer term. This could potentially attract investors, but the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100