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Fly News Breaks for April 23, 2015
RIG
Apr 23, 2015 | 06:54 EDT
Morgan Stanley downgraded Transocean to Underweight and maintained its $19.50 price target given expectations it will cold-stack up to 1/3 of its marketed floater fleet, leverage to the less desirable 5G floater market, and later cycle recovery exposure.
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