Susquehanna analyst Charles Minervino raised the firm’s price target on Transocean (RIG) to $5 from $4.50 and keeps a Positive rating on the shares. With U.S. rig and frac spread count flattish from Q3 levels heading into Q4 earnings season for the oilfield services sector, U.S. drilling and completions activity “appears to have held in better than most were expecting,” the analyst tells investors in a group preview.
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