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Fly News Breaks for October 26, 2016
RIG
Oct 26, 2016 | 08:13 EDT
Morgan Stanley analyst Ole Slorer upgraded Transocean to Equal Weight from Underweight and raised its price target to $12 from $10. The analyst said Transocean is executing on cost controls resulting in positive EBITDA accretion of $600M in 2016 alone and sees an improved 2019 liquidity position as a result.
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