Barclays Maintains Equal-Weight on Transocean, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst David Anderson has maintained an Equal-Weight rating on Transocean (NYSE:RIG) but has lowered the price target from $6 to $4.5.
October 23, 2024 | 1:19 pm
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Barclays has maintained an Equal-Weight rating on Transocean but reduced the price target from $6 to $4.5, indicating a less optimistic outlook.
The reduction in price target from $6 to $4.5 by Barclays suggests a less favorable view on Transocean's future performance, which could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100