- "We are upgrading SKUL to Hold from Underperform as we see signs of sustained fundamental improvement and a cleaner foundation from an inventory, distribution and product perspective," says Jefferies' Randal Konik. At the same time, he still thinks the headphone maker has a long road to recovery, and faces execution risk.
- Konik's target has been raised by $1 to $8. Skullcandy is less than two weeks removed from soaring in response to a Q2 EPS beat and full-year guidance hike.