Transocean (RIG -1.7%) shares are lower despite Goldman Sachs' upgrade following "noteworthy...

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

Transocean (RIG -1.7%) shares are lower despite Goldman Sachs' upgrade following "noteworthy underperformance" vs. offshore drilling peers. Although RIG operates one of the oldest fleets in the industry and may continue to face downtime and cost issues, the firm thinks "risk-reward has recently come more into balance" and expects RIG to beat Q3 consensus estimates.