Credit Suisse Downgrades Gulfmark Offshore (GLF) to Neutral

Credit Suisse downgraded Gulfmark Offshore (NYSE: GLF) from Outperform to Neutral with a price target of $17.00 (from $35.00).

Analyst G. Lewis expects rates to drop another 10-20% in 2015 with downward pressure on utilization.

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

Shares of Gulfmark Offshore closed at $20.71 yesterday.

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