Dolby (DLB +6.5%) rallied today thanks to a bullish report from Brgantine's Barbara Coffey....

|About: Dolby Laboratories, Inc. (DLB)|By:, SA News Editor

Dolby (DLB +6.5%) rallied today thanks to a bullish report from Brgantine's Barbara Coffey. While considering 2012 a "transition year" for Dolby, Coffey considers shares to be undervalued, and has raised her PT to $40 from $32. Dolby shares fell 54% in 2011 due to weak earnings, concerns about soft DVD player sales, and Microsoft's decision not to integrate Dolby's audio technology into Windows 8.