Credit Suisse Downgrades Hornbeck Offshore To Neutral

Analysts at Credit Suisse downgraded Hornbeck Offshore Services, Inc. HOS from Outperform to Neutral. The price target for Hornbeck Offshore has been lowered from $36 to $18. Hornbeck Offshore shares have declined 43.78% over the past 52 weeks, while the S&P 500 index has gained 15.14% in the same period. Hornbeck Offshore's shares rose 6.44% to close at $23.63 yesterday.