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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
Jun 2016MKM PartnersDowngradesBuyNeutral
Dec 2015BarclaysMaintainsEqual-Weight
Mar 2015MacquarieInitiates Coverage onOutperform

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