Hornbeck Offshore (HOS +5.7%) is upgraded to Overweight from Neutral with a $66 price target...


Hornbeck Offshore (HOS +5.7%) is upgraded to Overweight from Neutral with a $66 price target (from $60) at J.P. Morgan, which believes HOS has plenty of room to run despite gaining more than 50% YTD. The firm sees confidence building in the earnings and free cash flow prospects of the $1.2B newbuild program of 24 high-capacity, high-spec vessels, whose first delivery is expected later this month.

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