UPDATE: Wunderlich Securities Downgrades Hornbeck Offshore Services on Less Aggressive Dayrate Progression

In a report published Friday, Wunderlich Securities analyst Todd P. Scholl downgraded the rating on Hornbeck Offshore Services (NYSE: HOS ) from Buy to Hold, and lowered the price target from $70.00 to $61.00. In the report, Wunderlich Securities noted, “We are downgrading shares of Hornbeck Offshore (HOS) to Hold