Barrington raises Dolby to 'outperform' on growth potential

Dolby Laboratories

03/06/2024 19:08

** Barrington Research upgrades rating of audio and imaging
product maker Dolby Laboratories  DLB.N  to "outperform" from
"market perform"
    ** "A potential stabilization in the device market can
provide a helpful support as the company makes progress on
growth areas" - brokerage
    ** Barrington says improved environment for device shipments
positions DLB for faster profitability growth on high gross
margins of its technology licensing business
    ** Two brokerages rate the stock "strong buy", one "buy" 
and one "hold"; their median PT is $99.00 - LSEG data
    ** Stock has fallen 6.5% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))