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Skullcandy slips as D.A. Davidson downgrades following Wednesday's surge

Jun. 09, 2016 2:43 PM ETSkullcandy (SKUL) StockSKULBy: Eric Jhonsa, SA News Editor2 Comments
  • Though considering a buyout possible, D.A. Davidson's Andrew Burns has downgraded Skullcandy (SKUL -2.6%) to Neutral. His target has been hiked by $0.50 to $5.
  • Burns notes Skullcandy has underperformed the broader headphone market, and has seen management turnover and margin compression. His downgrade comes a day after shares rose 16% in response to news founder Rick Alden wants to take Skullcandy private.

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