Wunderlich Initiates Skullcandy With Buy

Analysts at Wunderlich initiated coverage on

with a Buy rating. The target price for Skullcandy is set to $13. Skullcandy shares have gained 19.58% over the past 52 weeks, while the S&P 500 index has surged 11.42% in the same period. Skullcandy shares rose 4.15% to close at $11.30 yesterday.