Seeking Alpha

Transocean Partners +3% as Morgan Stanley starts at Overweight

  • Transocean Partners (RIGP +3.1%) is started with an Overweight rating and a $31 price target at Morgan Stanley. representing a total potential return of ~35%.
  • The firm sees a robust distribution growth story, with an estimated ~25% compound annual growth rate through 2016, as a result of Transocean's (RIG +1.7%) strong motivation to drop down assets.
Comments (9)
  • 11802571
    , contributor
    Comments (116) | Send Message
     
    "Overweight" with a $31 price target?
    I thought the idea was to buy low and sell high, not the opposite.
    26 Aug 2014, 01:17 PM Reply Like
  • salvatort
    , contributor
    Comments (348) | Send Message
     
    Man, the stock trades at $25-26...
    26 Aug 2014, 01:55 PM Reply Like
  • saratogahawk
    , contributor
    Comments (2427) | Send Message
     
    This is RIGP not RIG.
    26 Aug 2014, 01:58 PM Reply Like
  • puertoescondidan
    , contributor
    Comments (59) | Send Message
     
    11802571: Can't agree more, but this comes from Morgan Stanley, principal underwriter of the RIGP IPO. I, for one, do not believe in coincidences. Interesting how they can wring an "overweight" out when they rank the rest of the industry sell or hold at best. Maybe they are sitting with some unsold shares on their hands????
    26 Aug 2014, 01:24 PM Reply Like
  • saratogahawk
    , contributor
    Comments (2427) | Send Message
     
    Wells Fargo has made it a buy in my accounts as well.
    26 Aug 2014, 01:27 PM Reply Like
  • William M. Wright
    , contributor
    Comments (242) | Send Message
     
    "Overweight" with a $31 price target? Either Morgan Stanley means a $41 price target or they just wanted to see who's paying attention with RIG already above $37 this morning (now over $38.60)? Clearly todays MS "Overweight" has motivated buyers to rush in and purchase RIG 20% over that $31 price target.
    26 Aug 2014, 02:03 PM Reply Like
  • salvatort
    , contributor
    Comments (348) | Send Message
     
    Are you freaking kidding me? Everyone has an attention span of a goldfish? This is TRANSOCEAN PARTNERS, not Transocean.

     

    Wake up!
    26 Aug 2014, 02:08 PM Reply Like
  • mapodga
    , contributor
    Comments (4206) | Send Message
     
    Entire mess with the names. Probably half of the market assign target to wrong company.

     

    and then RIGP went up 2.6% and RIG 3.3% ...

     

    Tomorrow will RIG probably go back down and RIGP another 2.5% up :)
    26 Aug 2014, 03:31 PM Reply Like
  • davedctill2003
    , contributor
    Comments (186) | Send Message
     
    Geez guys. Ever hear of unlocking value with a spin off????

     

    If you don't really know something about a company don't comment........
    26 Aug 2014, 09:18 PM Reply Like
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