Quiksilver continues run on Monness Crespi margin expansion call


Quiksilver (ZQK +3.2%) shares continue to run after Monness Crespi initiates coverage on the apparel maker with a Buy rating and $11 PT (implying a 32.9% upside from Friday's close).

Analyst Jim Chartier sees "the potential for meaningful margin improvement over the next three years as the company transitions from a founder-led organization to a more efficient, global apparel and footwear company."

Comments (1)
  • phjohnson
    , contributor
    Comments (5) | Send Message
     
    Revenue continues to decline.
    Profits continues to decline.
    Appeal of company products continues to decline among key customer base: teenagers.
    Most analysts are paid liars, or just plain clueless sheeple, seems to me.
    Downgrades/sells at stock price lows.
    Upgrades/buys at stock price highs.
    Sure: ZQK has "potential for meaningful margin improvement" especially considering that the margins are negative.
    Buy/hold ZQK: Better off buying a dividend paying stock with a company that has strong financials and strong business fundamentals like F or MMM or MRK or WFC or even CSCO.
    27 Dec 2013, 04:33 PM Reply Like
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