Transocean shares power higher after double-upgrade by Barclays

Oct. 06, 2022 2:22 PM ETTransocean Ltd. (RIG), FTISLBBy: Carl Surran, SA News Editor46 Comments

Jackup Offshore Oil Rig

shaunl/E+ via Getty Images

Transocean (NYSE:RIG) +6.7% in Thursday's trading after Barclays upgraded shares two notches to Overweight from Underweight with a $5 price target, raised from $3.50, as the bank forecasts dayrates will rise to $500K next year from $400K currently.

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