UPDATE: Morgan Keegan Downgrades Cal Dive International to Market Perform

Morgan Keegan is out with its report today on Cal Dive International DVR, downgrading DVR from Outperform to Market Perform. In its report, Morgan Keegan writes, "We are lowering our price target to $6.00 from a prior $9.00. Despite upside relative to the stock's recent closing stock price, we do not anticipate any near-term catalysts internationally or in the GOM. Thus, we are lowering our rating to Market Perform from Outperform." Shares of DVR closed Wednesday at $5.02.