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Dolby reinstated with a Buy at Tigress Financial

Tigress Financial analyst Ivan Feinseth reinstated coverage of Dolby (DLB) with a Buy rating and $112 price target The company’s “industry-leading, advanced immersive” audio and video enhancement technology positions it to take advantage of multiple market opportunities, including growth in in-vehicle infotainment, home infotainment, and increasing connected devices, the analyst tells investors in a research note. The firm says Dolby is benefiting from increasing adoption and integration of its immersive audio and video enhancement technology.

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