Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns: -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (5286)	10/12/2017 4:25:36 PM
From: The Ox	1 Recommendation Recommended By FJB Respond to of 8258

Transocean upgraded, Diamond Offshore downgraded in Citi pair trade Transocean ( RIG -0.9%) is upgraded to Buy from Neutral with a $14 price target, hoisted from $8.80, at Citigroup, which says if an upturn is forthcoming, the stock should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts.The upgrade is part of a pair trade by Citi analyst Scott Gruber, who also downgrades Diamond Offshore ( DO -3.1%) to Sell from Neutral with a $12 price target, with DO likely to underperform if the downturn persists as its backlog is consumed.Gruber believes DO is "simply overvalued," while RIG is the "industry leader who's ready to lead."Oil and gas related shares are broadly lower today as crude prices fall sharply.