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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on TiVo Ahead of Motorola Trial

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In a report published Tuesday, Jefferies analyst Brian Fitzgerald reiterated a Buy rating on TiVo (NASDAQ: TIVO), and slightly raised the price target from $16.00 to $17.00.

In the report, Jefferies noted, “The core biz continues to improve with record MSO sub gains driving Adj. EBITDA profitability (well ahead of guidance). With the Motorola trial slated for June 10-14, investors should expect a settlement / verdict / award announcement within the next four weeks. A $1B settlement equates to ~$6+ / share.”

TiVo closed on Monday at $12.66.

Latest Ratings for TIVO

DateFirmActionFromTo
Aug 2014FBR CapitalMaintainsMarket Perform
Jun 2014National AllianceInitiates Coverage onBuy
Mar 2014JP MorganDowngradesOverweightNeutral

View More Analyst Ratings for TIVO
View the Latest Analyst Ratings

Posted-In: Brian Fitzgerald JefferiesAnalyst Color Price Target Analyst Ratings

 

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