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Technology Stocks : DLB Dolby Laboratories -- Ignore unavailable to you. Want to Upgrade?

To: Cooters who wrote (304)	8/4/2024 8:14:46 AM
From: Cooters	Respond to of 324

Dolby just upgraded at Barrington 06/03 DLB Barrington upgraded Dolby to Outperform from Market Perform with a $100 price target after meeting with management. Two thirds of the company's revenues come from what it terms foundational revenues, which consists of the primary audio codecs in digital audio, the analyst tells investors in a research note. The firm says that while those revenues have been pressured in recent years, there are some encouraging signs of stabilization in devices, which may be approaching a device refresh cycle, and a more encouraging inventory environment which would support increased production and shipments. With an improved environment for device shipments, Dolby would be positioned to drive faster growth in profitability, contends Barrington.