Transocean Partners +3% as Morgan Stanley starts at Overweight

|About: Transocean Partners LLC (RIGP)|By:, SA News Editor

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.