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Fly News Breaks for January 12, 2016
Jan 12, 2016 | 07:20 EDT
After Skullcandy preannounced much weaker than expected Q4 results and provided weaker than expected 2016 guidance, Oppenheimer nonetheless still believes that the company's Skullcandy and Astro brands remain strong, while many of the factors that hurt its 2015 results will improve this year. The firm keeps an $8 price target and Outperform rating on the shares.
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