Goldman Sachs Starts Quiksilver (ZQK) at Neutral

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December 6, 2012 7:33 AM EST
Get Alerts ZQK Hot Sheet
Price: $0.46 --0%

Rating Summary:
    1 Buy, 10 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 11 | New: 11
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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.

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