B. Riley raised the firm’s price target on Zumiez (ZUMZ) to $24 from $18 and keeps a Neutral rating on the shares. The company beat Q3 estimates but is seeing moderating trends in Q4, the analyst tells investors in a research note. Riley cites the recovery in the company’s skate category for the target increase.
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Read More on ZUMZ:
- Zumiez: Balancing Strong Q3 Performance with International Challenges and Valuation Concerns
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- Zumiez reports Q3 EPS 55c, consensus 27c
- Zumiez sees Q4 EPS 97c-$1.07, consensus 97c