Comment on Transocean Stock Upgraded: What You Need to Know

Transocean Stock Upgraded: What You Need to Know

Down 17% over the past 12 months -- and 83% over the past five years -- it hasn't been a lot of fun owning Transocean (NYSE: RIG) stock lately. But could it be that the suffering is coming to an end?One analyst thinks so. Nearly a year after initiating coverage of the offshore oil driller with a sell rating, megabanker Citigroup announced this morning that it's finally relenting, and upgrading Transocean to neutral.

 

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