Barrington Research Upgrades DTS Inc. (DTSI) to Outperform

Barrington Research upgraded DTS Inc. (NASDAQ: DTSI) from Market Perform to Outperform with a price target of $27.00. Analyst James C. Goss is positive on the companies new initiatives.

"Raising rating to OUTPERFORM with a price target of $27 based on our 2015 assumptions and estimates. This provides upside of 26% from current levels. Is this a turning point? While it does not appear that the financial metrics will surge immediately (the guidance increases largely pass through the substantially higher-than-expected second quarter numbers), we do feel the seeds of the next stage of evolution for DTS are taking root with some recent evolving developments," said Goss.

"Importantly, the Headphone:X and Play-Fi initiatives provide some intermediate term potential as the game console-driven rebound for Blu-ray and solid network-connected penetration generate current revenues. New opportunities will require powerful DTS decoding capabilities as streaming and downloading delivery technologies become used more widely. In our view, the risk/reward equation has now tilted to the positive side," he added.

For an analyst ratings summary and ratings history on DTS Inc. click here. For more ratings news on DTS Inc. click here.

Shares of DTS Inc. closed at $21.44 yesterday.

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