Jefferies Bumps Price Target On Quiksilver (ZQK) to $5.50 After Q4
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Price: $0.46 --0%
Rating Summary:
1 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
1 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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Jefferies lifted its price target on Buy-rated Quiksilver (NYSE: ZQK) from $5 to $5.50 despite the Q1 miss.
The firm comments, "An EPS miss is nothing but an optical distraction as fundamentals are poised to accelerate 3-6 months from now. With healthy and balanced sales growth (this is a top-line story), ZQK is in our view one of the best performing and highest quality action sports companies out there. Continue to like the name on 1) refocused management team, 2) liquid balance sheet, 3) strong brand portfolio, 4) sales and margin catalysts."
Jefferies cuts Q2 EPS from $0.06 to $0.00 and FY12 from $0.24 to $0.21.
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 $4.60 yesterday.
The firm comments, "An EPS miss is nothing but an optical distraction as fundamentals are poised to accelerate 3-6 months from now. With healthy and balanced sales growth (this is a top-line story), ZQK is in our view one of the best performing and highest quality action sports companies out there. Continue to like the name on 1) refocused management team, 2) liquid balance sheet, 3) strong brand portfolio, 4) sales and margin catalysts."
Jefferies cuts Q2 EPS from $0.06 to $0.00 and FY12 from $0.24 to $0.21.
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 $4.60 yesterday.
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