Transocean Ltd. (NYSE:RIG): Susquehanna raised its estimates and price target on Transocean following the company’s third quarter results. The firm cited its cost reduction initiatives and its positioning with long term contracts, which will allow it to pursue an MLP status as informing its analysis. The analyst rates the shares Neutral, and raised its price target on the stock to $54 from $50.
SolarWinds, Inc. (NYSE:SWI): Needham upgraded SolarWinds to Buy from Hold following re-set expectations at yesterday’s analyst day and valuation. The firm’s price target for the shares is $42.
Alaska Air Group, Inc. (NYSE:ALK): Barclays upgraded Alaska Air to Equal Weight from Underweight, due to reduced margin risk and valuation. The firm raised its price target for the shares to $84 from $63.
Peabody Energy Corp. (NYSE:BTU): Goldman upgraded Peabody Energy Corp. to Buy from Neutral, due to volume growth in Australia, improving cash flows, a bottom in met coal prices, and valuation. The firm also raised its price target on the shares to $26 from $21.