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Monday, 05/03/2010 10:09:31 AM

Monday, May 03, 2010 10:09:31 AM

Post# of 4102
RIG: Argus Cuts to Hold from Buy; Analyst Notes

Monday , May 03, 2010 09:25ET

Issuer: Transocean Inc (NYSE: RIG)

Analyst Firm: Argus

Ratings Action: DOWNGRADE

Current Rating: Hold (from Buy)

Analyst Comments: Argus downgraded Transocean citing the Deepwater disaster and the uncertainty associated with costs and lost income. The firm would be more constructive on Transocean shares in the mid-$60's.



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