Collins Stewart Initiates Coverage on DTS Inc. (DTSI) with a Sell

February 5, 2009 9:54 AM EST
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Price: $42.52 --0%

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Collins Stewart initiates coverage on DTS Inc. (Nasdaq: DTSI) with a Sell. Price target $10.

Collins analyst says, "We initiate coverage of DTSI with a SELL rating, as we believe expectations for Blu-ray (BD) growth remain too aggressive. Additionally, we feel that DTSI's exposure to high-end CE and the automotive market represents risks to meeting Street est, which we believe are too high. DTSI develops technologies for the encoding/decoding of audio and is broadly used in the entertainment and consumer electronics industry, so risks are not limited in the BD and auto market."

DTS, Inc. is a provider of branded entertainment technologies, which are incorporated into an array of entertainment products by licensee customers around the world.

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