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Stock Market & Financial Investment News

News For RIG From The Last 14 Days
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February 18, 2015
14:18 EDTRIGTransocean February volatility increases into Q4 and outlook
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10:05 EDTRIGOn The Fly: Analyst Initiation Summary
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06:56 EDTRIGTransocean initiated with an Underperform at BMO Capital
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February 17, 2015
16:22 EDTRIGOn The Fly: Closing Wrap
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16:00 EDTRIGOptions Update; February 17, 2015
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12:50 EDTRIGOn The Fly: Midday Wrap
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10:06 EDTRIGTransocean falls after cutting dividend, CEO departure, levels to watch
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06:59 EDTRIGTransocean price target lowered to $6 from $16 at Deutsche Bank
Deutsche Bank lowered its price target for Transocean shares to $6 after the company announced an 80% dividend reduction and the departure of its CEO. Deutsche says reducing the dividend frees up about $800M per year and that the move will likely be viewed positively since an elimination was a potential outcome. The firm, however, expects the company's free cash flow to remain negative for the "foreseeable future" and reiterates a Sell rating on the stock. Shares of the offshore driller are trading up 55c to $19.60 in pre-market trading.
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