- 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.