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Dolby Laboratories (DLB) [hlAlert]

Rating:
Hold DLB

Dolby Laboratories (DLB) downgraded to Mkt Perform with price target $40 by Avondale

Posted on: Friday,  Aug 5, 2011  12:25 PM ET by Avondale

Dolby Laboratories (NYSE: DLB) downgraded
to Mkt Perform with price target $40 by Avondale.

Dolby Laboratories develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For nearly four decades, Dolby has been at the forefront of defining high-quality audio and surround sound in cinema, broadcast, home audio systems, cars, DVDs, headphones, games, televisions, and personal computers. Based in San Francisco with headquarters in England, the company has entertainment industry liaison offices in New York and Los Angeles, and licensing liaison offices in London, Shanghai, Beijing, Hong Kong, and Tokyo.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2011 12:25 PM Hold
None
30.76 40.00
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD down  -53.88 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/20/2010 12:25 PM Buy
None
58.36 69.00
4/26/2010 11:25 AM Hold
None
61.68 62.00
4/16/2009 1:25 PM Buy
None
35.47 42.00

(*) Stock Price at the time of the recommendation.
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