Evercore Partners Maintains Equal-Weight Rating and $11 PT on TiVo

A report from Evercore Partners reiterates its Equal-Weight Rating and $11 price target on TiVo

. The report states, “Subscribers, revenue, and EPS were all close to expectations, as was the revenue and income guidance for the December quarter. TiVo had the strongest sub growth it has recorded in four years, up 177K, largely due to the 220K added by VMED.” TIVO closed yesterday at $9.57.