Citi Maintains Buy Rating for RIG

Citi has issued a report in which they reiterate the Buy Rating of Transocean Inc. RIG.

In the report Citi writes, "We have raised our EPS estimates slightly in 2011 and 2012 (see below). We reiterate our Buy (1H) rating and $97 price target. Potential catalysts include Petrobras announcing multi-rig tenders and an accelerated return of Transocean's Gulf of Mexico rigs to full day rate."

RIG closed at $76.14 yesterday.