According to a report posted by Reuters early this morning, Lazard Capital Markets doubled its price target on Quiksilver, Inc., siting cost-cuts and a weakened dollar. Lazard predicts Quik’s second-quarter earnings at 5 cents per share, and Quik’s stock rose 8 percent to $3.80 in early morning trade.
Quiksilver will broadcast it’s second quarter financial results today, June 8th, at 4:30 p.m. ET, or 1:30 p.m. Pacific Time. The live broadcast can be picked up by registering at Quiksilver’s Investor Relations site. Be sure to stay tuned for a report from TransWorld Business later this afternoon.