ZAGG: Merriman Curhan Ford Reiterates BUY, $5-6 Price Target

We reiterate our Buy rating on ZAGG and our $5-6 target price range. At the current levels, we believe the stock offers a favorable risk/reward profile. Website sales should receive a boost from the ZAGGSkins ramp, while indirect sales should continue to grow driven by the expansion of SKUs with existing retail distribution customers, particularly RadioShack (RSH $22.19, Not Rated). New distribution with major U.S. wireless carriers would generate upside to the company’s conservative guidance, setting up the company for potentially material upside.

Disclosure:  LONG ZAGG