UPDATE: Barrington Research Downgrades DTS to Market Perform on Fundamental Uncertainties
Barrington Research reduced its rating on DTS (NASDAQ: DTSI) from Outperform from Market Perform.
Barrington Research said, "DTS's latest financial results considerably lagged expectations for a combination of operational and one-time reasons. Perhaps more importantly, from an investment standpoint, the negative implications of an already difficult macro environment within the consumer electronics industry combined with sluggishness in the prominent Blu-ray area and less identifiable time frames for the emergence of key catalysts, notably smart phones and other mobile devices, is creating less assured near-term upside prospects."
DTS closed at $15.21 on Friday.
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