Cowen Downgrades Transocean To Market Perform

Analysts at Cowen & Company downgraded Transocean RIG from Outperform to Market Perform. The price target for Transocean has been lowered from $39 to $30. Transocean shares have dropped 34.30% over the past 52 weeks, while the S&P 500 index has gained 6.78% in the same period. Transocean's shares rose 0.07% to $30.17 in pre-market trading.