Piper Sandler raised the firm’s price target on Transocean to $7 from $5 and keeps a Neutral rating on the shares. The rig count keeps sliding, but commentary from all oil service companies is pointing to the rig count bottoming very soon in Q3, the analyst tells investors in a research note.
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Read More on RIG:
- Transocean price target raised to $7 from $6 at Barclays
- Transocean price target raised to $9.00 from $7.50 at Susquehanna
- Transocean reports Q2 EPS (22c), consensus (14c)
- Transocean Ltd. Reports Second Quarter 2023 Results
- Transocean options imply 6.7% move in share price post-earnings
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