Six Firms Start Coverage on Skullcandy (SKUL), All Bullish

A number of analyst firms are initiating coverage on recent IPO Skullcandy (Nasdaq: SKUL) Monday morning.

So far, everyone seems to be bullish:

• BofA - Buy, $22 price target
  
• Morgan Stanley - Overweight, $20 price target
  
• Piper Jaffray - Overweight, $25 price target
  
• Jefferies - Buy, $22 price target
  
• KeyBanc - Buy, $20 price target
  
• Raymond James - Strong Buy, $20 price target

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