Goldman Sachs Starts Quiksilver (ZQK) at Neutral
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Price: $7.68 +2.95%
Rating Summary:
3 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade ZQK Now!
Goldman Sachs initiates coverage on Quiksilver (NYSE: ZQK) with a Neutral. PT $4.00.
Goldman calls Quiksilver a "show-me story with an opportunity for ZQK to break through its three year trading range ($2-$5 per share) as a new CFO attempts to revive what we see as an under-earning, high quality brand portfolio."
"We are intrigued by the potential margin recovery story but await evidence of tangible financial discipline before becoming more constructive," the firm said.
For an analyst ratings summary and ratings history on Quiksilver click here. For more ratings news on Quiksilver click here.
Shares of Quiksilver closed at $4.01 yesterday, with a 52 week range of $2.09-$4.89.
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Goldman calls Quiksilver a "show-me story with an opportunity for ZQK to break through its three year trading range ($2-$5 per share) as a new CFO attempts to revive what we see as an under-earning, high quality brand portfolio."
"We are intrigued by the potential margin recovery story but await evidence of tangible financial discipline before becoming more constructive," the firm said.
For an analyst ratings summary and ratings history on Quiksilver click here. For more ratings news on Quiksilver click here.
Shares of Quiksilver closed at $4.01 yesterday, with a 52 week range of $2.09-$4.89.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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