Quiksilver new CEO adds credibility, says DA Davidson

theflyonthewall.com

After Quicksilver announced that it was hiring Disney (DIS) veteran Andy Mooney as its new CEO, DA Davidson believes that Mooney's impressive resume adds credibility to Quicksilver's turnaround efforts. The firm raised its price target on the stock to $7 from $5 and reiterates a Buy rating.

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