BofA raised the firm’s price target on Transocean (RIG) to $4 from $3.50 and keeps an Underperform rating on the shares. The firm, which is updating its oilfield services models for Q1 earnings and 10-Q reports, notes that its forecasts for 2027 and 2028 EBITDA are 10% and 16% above consensus, respectively, on average.
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