Transocean (RIG +2.5%) bucks the downdraft in energy issues in today's trading, rising after...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Transocean (RIG +2.5%) bucks the downdraft in energy issues in today's trading, rising after reporting Q1 results buoyed by an improvement in utilization levels and rising rig rates. Analysts at Dahlman Rose say the quarter “will have positive implications" for the stock, and Guggenheim raises shares to Buy with a $65 price target, up from $46.