Global Hunter Upgrades Transocean to Accumulate, Slashes PT to $63

Global Hunter upgraded its rating on Transocean (NYSE: RIG) from Neutral to Accumulate. At the same time, the rating agency reduced its price target on the company's stock from $72 to $63. On Thursday, RIG lost 8.55% of its value to finish the day at $53.98. Its shares continued to slide in today's pre-market trading, falling 0.91% to stand around $53.49.