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DLB - Dolby Laboratories Inc News Story

$102.1 0.0  0.0%

Last Trade - 16/04/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £7.50bn
Enterprise Value £6.67bn
Revenue £910.9m
Position in Universe 914th / 6850

BUZZ-Dolby Laboratories up as JPM raises PT on strong Q4 hopes

Wed 11th November, 2020 4:41pm
** Shares of audio and imaging product maker  DLB.N  up
1.14% at $85.03 in early trading
    ** J.P.Morgan raises PT by $4 to $78 and reiterates
"overweight" rating as it expects co to post a solid Q4 results
against conservative licensing guidance
    ** Brokerage has noted co's consumer electronic peers'
positive performance on better-than-feared consumer demand and
sees the momentum extending into the holiday season
    ** Expects co to post Q4 profits of 32 cents per share and
revenues of $242 mln
    ** DLB is scheduled to report Q4 results on Nov. 12     
    ** Four of five brokerages rate the stock "buy" or higher,
and one "hold"; their median PT is $79 - Refinitiv data
    ** Including session's gains, stock has risen ~24% so far
this year

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))
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