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Fly News Breaks for September 28, 2015
DO, RIG
Sep 28, 2015 | 06:56 EDT
Deutsche Bank analyst Mike Urban upgraded Transocean (RIG) to Hold saying the offshore drilling industry is "on the cusp of a major restructuring" that should mark the bottom for valuations and pricing. Urban upped his price target for Transocean to $10 from $6. He also upgraded to Hold this morning shares of Diamond Offshore (DO).
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