Skullcandy (SKUL) Price Target Raised to $15 at Northland Capital Markets

Northland Capital Markets analyst Joshua Reilly reiterated an Outperform rating and raised his price target on Skullcandy (NASDAQ: SKUL) to $15.00 (from $12.00) on increasing confidence in product and distribution strategy for 2015.

Catalysts for 2015 include 1) continued penetration of core products including Crusher, Hesh 2 Wireless and Astro Gaming Headsets; 2) Wal-Mart store expansion including POS investment leading to 80% domestic store penetration by June; and 3) new products including Grind and others yet to be announced.

For an analyst ratings summary and ratings history on Skullcandy click here. For more ratings news on Skullcandy click here.

Shares of Skullcandy closed at $10.91 yesterday.

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