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Roth Capital Partners on Monday upgraded Quiksilver, Inc. ZQK from Neutral to Buy due to overblown bankruptcy fears and achievable earnings estimates based on retail store growth and prospects for improving margins. Quicksilver's price target is $2.50.
Analysts at Roth Capital partners wrote, “Quiksilver has ample liquidity to survive the next couple years, leaving it time to build profitability and/or explore strategic alternatives for its well-known brands.”
Shares of Quicksilver closed Friday at $1.87.
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