Citi upgraded Transocean shares to buy from neutral, citing its favorable position geographically and in terms of rig reactivation.
It's time to buy shares of Transocean , according to Citi. The bank upgraded the offshore driller to buy from neutral in a Wednesday note. It also raised its price target to $9.50 from $6.50, which implies shares rallying 36.3% from where they closed on Monday. U.S. markets were closed Tuesday due to the Fourth of July holiday.
"Although our outlook for harsh environment rig demand is less favorable than ultra-deepwater rig demand given the lower activity levels in the North Sea and Norway, we do not view RIG's HE rig exposure as a material negative given that these rigs are able to perform UDW drilling work and can be mobilized to meet incremental demand.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Israel buys fleet of advanced F-35 jets in $3 billion dealIsrael is buying 25 additional F-35 Lightning II fighter jets in a $3 billion deal financed by U.S. military aid.
Lire la suite »
Northbound I-35 mainlanes to close July 6 for Williams Drive beam setStarting at 9 a.m. Thursday July 6, mainlanes will close to traffic between SH 29 and Northwest Boulevard in Georgetown.
Lire la suite »
Woodside man charged in deaths of two friends killed in fiery crash on Highway 35A woodside man allegedly drove drunk and crashed off Highway 35, killing his two friends.
Lire la suite »
35 Beauty Products So Good They Might Be Sprinkled With Fairy Godmother’s MagicTrust me, you're gonna want to bibbidi-bobbidi-buy these products.
Lire la suite »
Oldest African penguin at Adventure Aquarium in Camden dies at 35Camden Adventure Aquarium announced the passing of their oldest African penguin, Cliff, in a statement on Monday.
Lire la suite »
Azuki DAO Formed To Sue Azuki Founder Targeted by Hackers, Lost 35 ETH | CoinMarketCapCryptoNews: A group of unhappy Azuki NFT holders formed the Azuki DAO and demanded a refund of over $38 million from Azuki creator Chiru Labs for 'scamming' holders. 👁
Lire la suite »