Canaccord Genuity Initiates Transocean At Sell

Analysts at Canaccord Genuity initiated coverage on shares of Transocean RIG with a Sell rating. The target price for Transocean is set to $20.05. Transocean shares have dropped 44.92% over the past 52 weeks, while the S&P 500 index has gained 15.82% in the same period. Transocean's shares rose 5.63% to close at $28.89 yesterday.