Skullcandy Reaches Analyst Target Price
July 19, 2016 at 08:17 AM EDT
In recent trading, shares of Skullcandy Inc (SKUL) have crossed above the average analyst 12-month target price of $6.13, changing hands for $6.14/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..