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Fly News Breaks for October 4, 2016
DLB
Oct 4, 2016 | 05:53 EDT
JPMorgan analyst Paul Chung assumed coverage of Dolby Laboratories with a Neutral rating and raised his price target for the shares to $51 from $45. The stock, after rallying 61% year-to-date, is likely pricing in Dolby's new initiative growth that has yet to materialize, Chung tells investors in a research note.
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