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Transocean Ltd. (NYSE:RIG): Current price $51.04
Wells Fargo viewed the settlement details between Transocean Ltd. and the Department of Justice as extremely positive for the company. Wells noted the agreement amount is within Transocean’s most recently indicated range of $2.0 billion. Wells believes Transocean will still have to settle private claims, such as wrongful death, as well as pain and suffering claims for killed and injured workers. The firm has an Outperform rating on the stock.
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