Piper Jaffray Maintains Dolby Overweight, $75 PT (DLB)

Piper Jaffray maintained its Dolby Laboratories DLB Overweight rating and $75 price target in a research report published today. In the report, Piper Jaffray states, "Industry data q/q growth is tracking below historical norms by 3 percentage points, but we are modeling for Dolby's Licensing revenue growth to be slower than historical norms by 7 percentage points, suggesting our (and Street) ests for the March quarter appear conservative." Shares of Dolby Laboratories were at $51.75 in pre-market trading at the time of posting, down 0.35% from Friday's market close.