Deutsche Bank Downgrades Dolby Laboratories (DLB) to Hold
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Deutsche Bank downgrades Dolby Laboratories Inc. (NYSE: DLB) from Buy to Hold and lowers its price target from $54 to $38.
The firm said, "We anticipate Dolby will continue to grow above end market growth projections as it puts more of its technology on more devices, but we do not think they are immune to the overall macro environment."
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