Quiksilver, Inc. (ZQK) Misses Q3 EPS by 23c
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Challenges Persist for Quiksilver (ZQK); Janny Affirms at 'Neutral' Following Q3 Results
September 5, 2014 7:17 AM EDTJanney lowers its fair value outlook on Quiksilver (NYSE: ZQK) from $4 to $2.50 and maintains a Neutral rating on the stock following Q3 results.
Analyst Eric Tracy noted the following key points:US, Europe wholesale challenges persist, clouding ZQK's turnaround. We have concerns with the limited visibility to top-line reacceleration (we are modeling FY14 top line decline of ~12%), particularly relative to structural headwinds... More
