Rosenblatt lowered the firm’s price target on Dolby (DLB) to $85 from $95 and keeps a Buy rating on the shares. Dolby delivered a “solid fiscal fourth quarter” and guided full year revenue and EPS consistent with expectations despite a difficult macro environment, the analyst tells investors. The firm sees “enough progress to convince us that the stock shouldn’t be making new lows,” the analyst added.
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Read More on DLB:
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