Brean Murray Carret & Co. Maintains a 'Buy' on TiVo (TIVO); 3Q Preview

Brean Murray Carret & Co. maintains a 'Buy' on TiVo (NASDAQ: TIVO) price target of $14.00.

Brean analyst said, "We belive TiVo is well positioned to capitalize on service profile changes as operators look to enhance their core pay-TV offerings with over-the-top (OTT) services. The stock has outperformed over the past qtr due to a successful launch on Virgin in the U.K. Net adds for Virgin accelerated into October, and with ONO and Charter launching in fiscal 4Q12, we expect a sequential improvement in net adds in both fiscal 3Q12-4Q12. We think this positive operating momentum should limit downside to the shares from current while the announcement of a settlement in the AT&T (NYSE: T) case and/or new distribution deals could serve as a catalyst for further upside."

TiVo is scheduled to report Q3 results Tuesday, Nov 22, after the close.

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 $10.00 yesterday.

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