UPDATE: Guggenheim Securities Downgrades Transocean Ltd. on Revisited Risk/Reward After Indexation-Driven Mean Reversion

In a report published Friday, Guggenheim Securities analyst Darren Gacicia downgraded the rating on Transocean Ltd. (NYSE: RIG ) from Buy to Neutral, and lowered the price target from $58.00 to $53.00. In the report, Guggenheim Securities noted, “We are downgrading RIG to NEUTRAL from BUY. News that RIG will