Canaccord Genuity Maintains a 'Hold' on Dolby Laboratories (DLB); Uncertainty Remains Around PCs
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Price: $78.99 -0.74%
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
Rating Summary:
4 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 12 | New: 7
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Canaccord Genuity maintains a 'Hold' on Dolby Laboratories (NYSE: DLB) price target raised from $33 to $36.
Analyst, Jeff Rath, said, "We maintain our rating and have increased our target following DLB’s FQ1/12 results. Broader media consumption trends are beginning a clear secular shift away from optical disk, which will likely create significant challenges for DLB in coming years. Roughly 50% of license revenue is from optical disk-based devices (mainly PCs, DVD and Blu-ray)." (Canaccord's new FY13 EPS estimate is $2.46)
For an analyst ratings summary and ratings history on Dolby Laboratories click here. For more ratings news on Dolby Laboratories click here.
Shares of Dolby Laboratories closed at $36.37 yesterday.
Analyst, Jeff Rath, said, "We maintain our rating and have increased our target following DLB’s FQ1/12 results. Broader media consumption trends are beginning a clear secular shift away from optical disk, which will likely create significant challenges for DLB in coming years. Roughly 50% of license revenue is from optical disk-based devices (mainly PCs, DVD and Blu-ray)." (Canaccord's new FY13 EPS estimate is $2.46)
For an analyst ratings summary and ratings history on Dolby Laboratories click here. For more ratings news on Dolby Laboratories click here.
Shares of Dolby Laboratories closed at $36.37 yesterday.
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