Canaccord Genuity Maintains a 'Buy' on Rovi Corp. (ROVI); Outlook Declines on Weakness in Non-core Segments
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Price: $22.42 --0%
Rating Summary:
7 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 3 | New: 2
Rating Summary:
7 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 2 | Down: 3 | New: 2
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Canaccord Genuity maintains a 'Buy' on Rovi Corp. (NASDAQ: ROVI) price target lowered from $71 to $63.
Canaccord analyst, Jeff Rath, said, "We maintain our rating and have lowered our target after ROVI’s Q3/11 results. We continue to believe that ROVI is well-positioned to benefit from current OTT trends and remain confident that numerous growth opportunities exist in 2011 and beyond."
"Our lowered estimates are the result of expected declines in non-core businesses. ROVI’s core businesses remain strong, in our opinion. (FY12 EPS estimate to $2.73)"
For an analyst ratings summary and ratings history on Rovi Corp. click here. For more ratings news on Rovi Corp. click here.
Shares of Rovi Corp. closed at $46.02 yesterday.
Canaccord analyst, Jeff Rath, said, "We maintain our rating and have lowered our target after ROVI’s Q3/11 results. We continue to believe that ROVI is well-positioned to benefit from current OTT trends and remain confident that numerous growth opportunities exist in 2011 and beyond."
"Our lowered estimates are the result of expected declines in non-core businesses. ROVI’s core businesses remain strong, in our opinion. (FY12 EPS estimate to $2.73)"
For an analyst ratings summary and ratings history on Rovi Corp. click here. For more ratings news on Rovi Corp. click here.
Shares of Rovi Corp. closed at $46.02 yesterday.
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