Transocean downgraded to Sell from Hold at Deutsche Bank Deutsche Bank downgraded Transocean to Sell saying it sees "significant further deterioration" in the offshore drilling market. The firm lowered its price target for shares to $27 from $45.
Transocean downgraded to Market Perform from Outperform at Cowen As previously reported Cowen downgraded Transocean to Market Perform from Outperform. The firm downgraded shares given the current market weakness, relatively older fleet and below average contracts for the next two years. Price target lowered to $30 from $39.