Quiksilver Stock Jumps On Up

by The Editors on November 5, 2012

Quik Logo10A Stifel Nicolaus analyst named Jim Duffy reportedly upgraded his rating on Quiksilver to buy from hold and the stock jump a whopping 38 cents to $3.78 a share on Monday, according to a story in Businessweek.

The company’s updated management could bring new energy to the company. Some leaders are also approaching deadlines in their restricted stock grants that would provide a strong incentive for them to get the stock price back up. . . Duffy also said that early hints of stabilization in Europe and some lower administrative costs could improve Quiksilver’s revenue and margin picture in 2013.

Looks like Duffy’s plan is working.

[Link: BusinessWeek]

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