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Fly News Breaks for January 28, 2016
DLB
Jan 28, 2016 | 06:13 EDT
Dougherty analyst Steven Frankel upgraded Dolby to Buy and a $38 price target. The analyst said Dolby had a solid Q1 performance, reiterated full year guidance, and showed progress across its key initiatives. Frankel is more optimistic Dolby can accelerate revenues and grow margins over the next few quarters and views valuation as an excellent entry point.
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