Skullcandy Inc (NASDAQ:SKUL) made an announcement that Kyle Wescoat would be its new CFO, causing DA Davidson to view the appointment as a positive. Wescoat has 20 years of experience in similar roles. The firm thinks that the recent sell-off of the stock because of another firm’s downgrade is overdone, and it keeps its Buy rating on the stock.
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Rock-Tenn Co. (NYSE:RKT): According to Goldman, August containerboard inventories have shown a sharp downturn, and the firm expects September/October pricing to be higher. Due to leverage to higher containerboard pricing and attractive risk/reward, the firm recommends Rock-Tenn. The firm give the stock a Conviction Buy rating and a price target of $83.
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