Dolby Labs: Piper Turns Cautious On Electronics Sales

Dolby Labs shares are trading lower Wednesday after Piper Jaffray analyst Michael Olson cut his rating on the sound technology company to Neutral from Overweight, with a new target of $32, down from $43. The stock closed Tuesday at $31.56. The analyst writes that his bullish stance on the stock was ?the wrong call.?

Topics:  labs   piper jaffray   michael olson   neutral   overweight   analyst   stock   

 

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