Market Overview

UPDATE: D.A. Davidson Upgrades Skullcandy

Share:

In a report released Wednesday, D.A. Davidson analyst Andrew Burns upgraded Skullcandy (NASDAQ: SKUL) from Hold to Buy while increasing its price target from $8 to $10.

Analysts at D.A. Davidson favor Skullcandy's core business stabilizing, influencing operating margin improvement by 12.2 percent, higher margin in-ear product and expansion into Wal-Mart stores. The note states the company benefiting from Wal Mart's recent announcement of $20 million with accretive margins over the next few years.

D.A. Davidson's $10 price target is based on a 10x EV/EBITDA multiple.

Latest Ratings for SKUL

DateFirmActionFromTo
Jun 2016DA DavidsonDowngradesBuyNeutral
Jan 2016OppenheimerMaintainsOutperform
Dec 2015OppenheimerInitiates Coverage onOutperform

View More Analyst Ratings for SKUL
View the Latest Analyst Ratings

 

Related Articles (SKUL)

View Comments and Join the Discussion!

Posted-In: Andrew Burns D.A. DavidsonUpgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
TYGB of A SecuritiesUpgrades
ZIONB of A SecuritiesMaintains39.0
RFB of A SecuritiesMaintains13.0
PNCB of A SecuritiesMaintains123.0
HBANB of A SecuritiesMaintains11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com