DA Davidson Downgrades Quiksilver To Neutral

Analysts at DA Davidson downgraded Quiksilver, Inc. (NYSE: ZQK) from Buy to Neutral.

The price target for Quiksilver has been lowered from $3.00 to $0.90.

Quiksilver shares have dropped 78.80 percent over the past 52 weeks, while the S&P 500 index has surged 7.01 percent in the same period.

Quiksilver shares fell 30.94 percent to close at $0.856 yesterday.