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Fly News Breaks for November 6, 2015
RIG
Nov 6, 2015 | 08:19 EDT
JPMorgan analyst Sean Meakim says Transocean's Q3 earnings beat proved a miss when compared to the results of its peers on cost cuts and execution. He remains concerned about Transocean's long-term cash flow profile and cut his price target for shares to $10 from $11. The analyst keeps an Underweight rating on the stock.
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