Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (1583)	4/3/2007 1:47:38 PM
From: richardred	Read Replies (1) \| Respond to of 7253

snip>McGough added that the company might be open to considering strategic options if earnings don't improve. Quiksilver Shares Rise on Upgrade Tuesday April 3, 12:21 pm ET Quiksilver Shares Rise After Analyst Upgrades Stock, Praises Company Value NEW YORK (AP) -- Shares of Quiksilver Inc. rose Tuesday after an analyst upgraded the company, saying the teen apparel maker is underestimated by the market and has strong assets. Morgan Stanley analyst Brian McGough said Quiksilver investors might be undervaluing the company because its 2005 acquisition of French ski maker Rossignol has had a "disappointing start." "With all the talk about Rossignol, people forget that Quiksilver owns some of the most coveted assets in the surf/skate business," McGough wrote in a Monday research note. Those brands, which make up 73 percent of the company's sales, include Quiksilver, Roxy and DC shoes. McGough added that the company might be open to considering strategic options if earnings don't improve. "To the extent the earnings rebound does not play out, we think that the potential for value-creating strategic actions is very likely -- by either the existing management team or by a strategic/financial buyer," he added. He upgraded the stock to "Overweight" from "Equal-weight" and lifted its price target to $17 from $13.50. Shares rose 82 cents, or 7.1 percent, to $12.31 during midday trading on the New York Stock Exchange. The stock has traded between $10.90 and $16.08 over the past 52 weeks. biz.yahoo.com