J.P. Morgan Holds Meeting With Dolby Laboratories (DLB)

J.P. Morgan is out with its research report on Dolby Laboratories (NYSE: DLB) following a meeting with Dolby's management yesterday.

In a note to clients, J.P. Morgan writes, "Sentiment in the technology industry has improved since DLB issued FY11 guidance a month ago. CE component suppliers have signaled improvement in channel inventory and normal purchasing patterns starting late October, retailers reported moderately higher y/y sales in November. DLB did not comment on near-term trends, but we believe FY11 guidance will prove conservative, as it has done in years past."

DLB closed yesterday at $65.30.