Transocean Downgraded at Citi as Macondo LP Process 'Stalled'
July 02, 2013 at 11:10 AM EDT
Shares of Transocean (NYSE: RIG ) were earlier downgraded from Buy to Neutral by a Citi analyst. The analyst's price target was raised from $52 to $63. Citi analyst Robin Shoemaker reduced hos 2013-2015 EPS estimates below the Street consensus, citing the unlikeliness of dormant rigs being reactivated on "not
