UPDATE: Goldman Sachs Initiates Quiksilver at Neutral on Risk/Reward

Goldman Sachs initiated coverage on Quiksilver (NYSE: ZQK ) with a Neutral rating and a $4 price target. Goldman Sachs said, "This is a show-me story with an opportunity for ZQK to break through its three year trading range ($2-$5 per share) as a new CFO attempts to revive