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Fly News Breaks for May 11, 2016
HOS
May 11, 2016 | 08:34 EDT
Stephens analyst Matthew Marietta upgraded Hornbeck Offshore to Equal Weight from Underweight, saying he does not see incremental near-term catalysts but he does see "survivability" and asset valuation support. Marietta raised his price target on Hornbeck to $8 from $6, noting that he thinks the stock is likely to remain volatile given the company's leverage.
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