UPDATE: Morgan Keegan Raises PT on Helix Energy Solutions to $25.50

Morgan Keegan is out with its report today on Helix Energy Solutions HLX, raising its PT from $21 to $25.50. In a note to clients, Morgan Keegan writes, "We have raised our price target to $25.50 from a prior $21.00. Our price target is based on 15.0x our upwardly revised 2012 EPS estimate of $1.70. Our rating on Helix remains Outperform." Shares of HLX closed Tuesday at $20.76.