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UPDATE: Canaccord Genuity Raises PT to $43 on Dolby Laboratories; FQ2 Results

Canaccord Genuity raises its price target from $42 to $43 on Hold-rated Dolby Laboratories (NYSE: DLB) following fiscal Q2 results.

Canaccord Genuity says, "We maintain our HOLD rating and have increased our target to $43 (from $42) following DLB's FQ2/12 results. Broader media consumption trends are beginning a clear secular shift away from optical disk, which will likely create significant challenges for DLB in the coming years, in our opinion."

DLB closed at $44.76 on Monday.

Posted-In: Canaccord GenuityAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

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