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Several investment firms have updated their stock ratings and price targets on shares of Transocean Partners (NASDAQ: RIGP) in the last week:

  • Transocean Partners is now covered by analysts at Wells Fargo & Co.. They set an “outperform” rating on the stock.
  • Transocean Partners is now covered by analysts at Barclays. They set an “equal weight” rating and a $26.00 price target on the stock.
  • Transocean Partners is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $31.00 price target on the stock. They wrote, “Initiating coverage of RIGP at Overweight with a price target of $31, representing a total potential return of ~35%. We see a robust distribution growth story (~25% CAGR through 2016) as a result of RIG’s strong motivation to dropdown assets.”
  • Transocean Partners is now covered by analysts at Bank of America. They set a “buy” rating on the stock.

Transocean Partners LLC (NASDAQ:RIGP) opened at 28.75 on Wednesday. Transocean Partners LLC has a 1-year low of $21.90 and a 1-year high of $29.43. The stock has a 50-day moving average of $24.99 and a 200-day moving average of $24.99. The company has a market cap of $1.983 billion and a price-to-earnings ratio of 10.41.

Transocean Partners LLC (NASDAQ:RIGP) is a growth-oriented limited liability company.

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