Time Warner/Roku Deal May be Beneficial for TiVo (TIVO) - Analyst

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TiVo (Nasdaq: TIVO) is higher on the sesssion following comments by Time Warner Cable (NYSE: TWC) earlier.

Analyst Rich Tullo from Albert Fried said Time Warner's partnership with Roku to cloud-based solutions might be beneficial to TiVo. Tullo notes that industry migration to cloud-based solutions could include discussions with TiVo and possible settlement of patent litigation.

Albert Fried has TiVo at Market Perform with a price target of $16. Shares are up 7.3 percent Thursday.

For an analyst ratings summary and ratings history on TiVo click here. For more ratings news on TiVo click here.

Shares of TiVo closed at $12.51 yesterday, with a 52 week range of $7.75-$12.95.

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