Susquehanna Upgrades Transocean to Positive, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Charles Minervino upgraded Transocean (NYSE:RIG) from Neutral to Positive and increased the price target from $5.5 to $9.
April 08, 2024 | 11:20 am
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POSITIVE IMPACT
Transocean upgraded by Susquehanna from Neutral to Positive with a price target increase from $5.5 to $9.
The upgrade from Neutral to Positive by a reputable analyst, along with a significant increase in the price target, suggests a strong bullish outlook for Transocean. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100