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RIG

Transocean

$11.06

0.555 (5.29%)

10:10
10/13/17
10/13
10:10
10/13/17
10:10

Same day put sellers in Transocean as shares rally

Same day put sellers in Transocean as shares rally. The stock up 64c to $11.14 and Oct 13th 11 puts trade from 12 to 5c per contract. 6.4K trade total against 188 open interest. Citi upgraded the stock to Buy yesterday. The gains today fueled by $1 uptick in crude oil prices.

RIG Transocean
$11.06

0.555 (5.29%)

10/10/17
DBAB
10/10/17
INITIATION
Target $13
DBAB
Buy
Transocean initiated with a Buy at Deutsche Bank
Deutsche Bank analyst David Havens started Transocean with a Buy rating and $13 price target.
10/12/17
SBSH
10/12/17
UPGRADE
Target $14
SBSH
Buy
Transocean upgraded to Buy from Neutral at Citi
Citi analyst Scott Gruber upgraded Transocean (RIG) to Buy and raised his price target for the shares to $14 from $8.80. The analyst initiated a pair trade by also downgrading Diamond Offshore (DO) to Sell. Gruber, while still finding it premature to be bullish on offshore driller fundamentals, says that if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. If the downturn persists, then Diamond Offshore is likely to underperform as its backlog is consumed, Gruber tells investors in a research note previewing Q3 earnings for the sector. He believes Diamond Offshore is "simply overvalued" and that Transocean is the "industry leader who's ready to lead."
10/12/17
SBSH
10/12/17
DOWNGRADE
Target $12
SBSH
Sell
Diamond Offshore downgraded to Sell from Neutral at Citi
Citi analyst Scott Gruber downgraded Diamond Offshore (DO) to Sell and keeps a $12 price target for the shares. The analyst initiated a pair trade by also upgrading Transocean (RIG) this morning to Buy. Gruber, while still finding it premature to be bullish on offshore driller fundamentals, says that if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. If the downturn persists, then Diamond Offshore is likely to underperform as its backlog is consumed, Gruber tells investors in a research note previewing Q3 earnings for the sector. He believes Diamond Offshore is "simply overvalued" and that Transocean is the "industry leader who's ready to lead."
10/12/17
10/12/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) upgraded to Outperform from In-Line at Imperial Capital with analyst Michael Derchin saying the company is likely to grow unit revenues in fiscal year 2018 due to pricing power in its key domestic hubs and improving international results. 2. Transocean (RIG) upgraded to Buy from Neutral at Citi with analyst Scott Gruber saying if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. 3. Canadian Pacific (CP) upgraded to Overweight from Neutral at JPMorgan with analyst Brian Ossenbeck saying he sees a shift to stronger volume growth as the company laps contract losses and records some new contract wins. 4. Infinity upgraded to Outperform from Market Perform at Wells Fargo with analyst Jim Birchenough saying the IPI-549 monotherapy data have a "reasonable likelihood" of proof-of-concept response rate, and with likely validation of tumor macrophage targeting in immunooncology and a unique mechanism of action, upside potential is not reflected in the current stock price. 5. Kroger (KR) upgraded to Equal Weight from Underweight at Stephens with analyst Ben Bienvenu saying he believes the pursuit of strategic alternatives for the convenience store business has potential to unlock value and that the risk/reward is more balanced following the stock's recent pullback. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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ON

ON Semiconductor

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XERS

Xeris Pharmaceuticals

$0.00

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EDN

Edenor

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4.54 (11.21%)

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BNED

Barnes & Noble Education

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Z

Zillow

$64.53

-0.14 (-0.22%)

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SUPV

Grupo Supervielle

$15.72

2.03 (14.83%)

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XERS

Xeris Pharmaceuticals

$0.00

(0.00%)

09:58
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Syndicate
Xeris Pharmaceuticals indicated to open at $15.75 »

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  • 21

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DRI

Darden

$102.00

8.73 (9.36%)

, KR

Kroger

$29.44

3.23 (12.32%)

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Options
Early notable gainers among liquid option names on June 21st »

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DRI

Darden

$102.00

8.73 (9.36%)

KR

Kroger

$29.44

3.23 (12.32%)

PDCO

Patterson Companies

$24.43

1.89 (8.39%)

LRCX

Lam Research

$179.00

4.53 (2.60%)

JWN

Nordstrom

$52.65

0.81 (1.56%)

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  • 21

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PCG

PG&E

$39.82

-0.18 (-0.45%)

09:55
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Conference/Events
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  • 21

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EPRT

Essential Properties Realty Trust

$0.00

(0.00%)

09:54
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Syndicate
Essential Properties Realty Trust indicated to open at $13.25-$13.75 »

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  • 21

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IBN

ICICI Bank

$8.75

0.05 (0.57%)

09:51
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09:51
Downgrade
ICICI Bank rating change  »

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09:50
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Hot Stocks
Breaking Hot Stocks news story  »

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JPM

JPMorgan

$107.35

-0.21 (-0.20%)

09:50
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Options
1.2K JP Morgan Jul 27th 100 - 105 put spreads bought for $1.15 »

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GSHT

Gores Holdings

$10.08

(0.00%)

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CURO

Curo Group

$22.50

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LUV

Southwest

$51.85

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GKOS

Glaukos

$41.92

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CHGG

Chegg

$27.80

-1.62 (-5.51%)

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  • 21

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MEI

Methode Electronics

$45.40

(0.00%)

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  • 21

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TEO

Telecom Argentina

$20.81

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SUPV

Grupo Supervielle

$15.14

1.45 (10.59%)

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BMA

Banco Macro

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8.22 (12.58%)

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09:45
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Minneapolis Fed dove Kashkari sees no signs of overheating »

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