Quiksilver continues run on Monness Crespi margin expansion call

|By:, SA News Editor

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."