Skullcandy Inc (SKUL) stock is up today, Monday, Jan. 5, 2014, following an upgrade from a Jefferies analyst.

Jefferies analyst Randal J. Konik  moved Skullcandy stock up from a “Hold” rating to a “Buy” rating on Monday. He also raised his target price for SKUL stock from $9.00 to $11.00. DA Davidson also rates SKUL stock as a Buy, reports Benzinga.

Zacks also recently upgraded Skullcandy. It moved the the stock up from a “Neutral” rating to an “Outperform” rating on December 5, 2015. it also set a new price target for SKUL stock at $9.80, Ticker Report notes.

Skullcandy last reported earnings on November 5, 2014. The company reported earnings per share of 7 cents, which beat analysts estimates of 4 cents, reports Ticker Report.

SKUL shares were up 9% as of Monday afternoon.

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