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Fly News Breaks for June 23, 2015
SKUL
Jun 23, 2015 | 08:54 EDT
After Skullcandy (SKUL) reported higher than expected revenue and in-line EPS and the stock tumbled over 25% since the results, DA Davidson thinks the stock has reached a compelling entry point. The firm says that the company's displays in Wal-Mart (WMT) are impressive, and it believes that the company's operating margins can rise significantly. It reiterates a $14 price target and Buy rating on the shares.
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