Zumiez initiated with "outperform"

12/06/06 - Morgan Keegan

NEW YORK, December 6 (newratings.com) - Analysts at Morgan Keegan initiate coverage of Zumiez Inc (ZUMZ) with an "outperform" rating.

In a research note published this morning, the analysts mention that the company has significant store growth potential. The analysts say that Zumiez could generate EPS growth in excess of 30% until end-2010, backed by comp gains, unit growth and margin expansion.