A 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]
