UPDATE: RBC Capital Markets Downgrades Transocean
January 08, 2014 at 10:50 AM EST
In a report published Wednesday, RBC Capital Markets analyst Kurt Hallead downgraded Transocean (NYSE: RIG ) to Sector Perform from Outperform, dropping its price target from $56.00 to $54.00. According to the report, RIG shares have limited upside until the market gains more confidence on the supply/demand outlook for