Transocean Ltd. (RIG): Transocean (RIG) PT Raised to $21 at Eve...

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eastunder

Re: eastunder post# 2426

Thursday, 01/04/2018 2:47:22 PM

Thursday, January 04, 2018 2:47:22 PM

Transocean (RIG) PT Raised to $21 at Evercore ISI on New Spitsbergen Contract

Dec 21st vs their Oct 18th comment

Evercore ISI raised its price target on Transocean (NYSE: RIG) to $21.00 (from $20.00) while maintaining a Outperform rating, following the announcement of a new contract.

Analyst James West notes an increased price target on the shares, as the company announced a new $286 million, 33 month contract for the Transocean Spitsbergen with Statoil in the Norwegian North Sea, which coupled with other recent development contracts suggests "ffshore rig supply/demand dynamics are better than they appear, especially for floaters and harsh environment capable assets."

Maybe Evercore shouldn't have cut earlier (Link back) LOL

WTH? Make up your mind.

https://www.streetinsider.com/Analyst+Comments/Transocean+%28RIG%29+PT+Raised+to+%2421+at+Evercore+ISI+on+New+Spitsbergen+Contract/13623790.html

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