Barclays Upgrades Transocean (RIG) to Overweight
On May 7, 2026, Barclays upgraded its rating for Transocean Ltd. (NYSE: RIG) from Equal Weight to Overweight and raised the price target to $8 from $6. The firm also improved its outlook on the energy services sector due to potential long-term structural increases in oil prices and upstream spending.
Tickers: $RIG
Topics: earnings guidance energy services sector outlook oil prices stock upgrade