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Fly News Breaks for March 9, 2016
HOS
Mar 9, 2016 | 07:53 EDT
Stephens analyst Matthew Marietta downgraded Hornbeck Offshore to Underweight from Equal Weight after the stock rallied about 55% since February 25, as he believes shares present a better entry point in the low-to-mid single digit range considering the company's lack of MPSV visibility coupled with its leverage. Marietta keeps a $6 price target on Hornbeck shares.
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