Monday, November 22, 2010

DTS (NASDAQ:DTSI) Expanding Beyond Blu-ray Devices

Saying they like the strategy of DTS Inc. (NASDAQ: DTSI) in diversifying beyond Blu-ray devices, Deutsche Bank (NYSE:DB) maintained their "Buy" rating on the company heading into the holiday season in the U.S.

Deutsche said, "We came away from our Media & Telecom Conference with increased conviction that DTSI is expanding its audio enhancement technologies beyond Blu-ray devices into Internet-enabled devices such as TVs. We think momentum is solid into the holiday season and think the risk-reward is attractive on the stock."

DTS was trading Friday at $44.01, up by $0.05, or 0.11 percent, as of 3:42 PM EST. Deutsche Bank has a price target of $50 on them.

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