Morgan Stanley Maintains Equal-Weight on Transocean, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Daniel Kutz maintains an Equal-Weight rating on Transocean (NYSE:RIG) but lowers the price target from $7 to $5.
September 16, 2024 | 4:02 pm
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Morgan Stanley has maintained its Equal-Weight rating on Transocean but has lowered the price target from $7 to $5, indicating a less optimistic outlook.
The lowering of the price target from $7 to $5 by Morgan Stanley suggests a less optimistic view on Transocean's future performance, which could negatively impact the stock price in the short term. The Equal-Weight rating indicates a neutral stance, but the reduced price target is a bearish signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100