UPDATE: BGB Lowers PT on DTS to $40

BGB is out with its report today on DTS (NASDAQ: DTSI), lowering its PT to $40.

In its report, BGB writes, "In light of the soft results and guidance, in a turbulent market, we are reducing our target price to $40. That said, we are reiterating our Buy rating and we recommend that investors take advantage of this weakness, which we believe provides an unusually attractive entry point."

At the time of posting, shares of DTSI were trading at $22.87, down 22.97% from Monday's close.