Hercules Offshore downgraded to Equalweight from Overweight at Capital One Capital One downgraded Hercules citing the negative fleet status report. Price target lowered to $8 from $11. Note that Global Hunter also downgraded shares this morning.
Hercules Offshore price target lowered to $4 from $4.50 at Stephens Stephens lowered its estimates for Hercules Offshore to reflect prolonged weakness in the Gulf of Mexico and cut its price target on the shares to $4 from $4.50. The firm maintains its Overweight rating on the stock.