UPDATE: Credit Suisse Downgrades Hornbeck Offshore (HOS) to Underperform, 'A Lot of Potential Potholes in the Road Ahead'

(Updated - January 12, 2018 7:45 AM EST)

(updated to add analyst comment)

Credit Suisse downgraded Hornbeck Offshore (NYSE: HOS) from Neutral to Underperform with a price target of $2.00.

Analyst Gregory Lewis comments "Given our expectation for HOS to generate negative EBITDA in 2018, our $2 target price is based on our fleet NAV."

For an analyst ratings summary and ratings history on Hornbeck Offshore click here. For more ratings news on Hornbeck Offshore click here.

Shares of Hornbeck Offshore closed at $3.95 yesterday.

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