Analyst Says TiVo (TIVO) Settlement May Have Removed an Overhang for Possible Buyers
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Price: $6.09 --0%
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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TiVo (Nasdaq: TIVO) shares are outperforming the broader stock market Thursday afternoon following an earlier agreement with Microsoft (Nasdaq: MSFT) to dismiss all pending litigation against the company. While the S&P 500 is currently down more than 0.6 percent, TiVo shares are up about 1 percent to $11.68.
Potentially helping push the stock higher Thursday, B. Riley's Eric Wold issued a research note this morning suggesting the settlement may have removed an overhang for possible suitors of TiVo. He believes the litigation may have previously been a deterrent for any possible bidder.
Wold maintains a Buy rating and $17 price target on shares of TiVo.
Potentially helping push the stock higher Thursday, B. Riley's Eric Wold issued a research note this morning suggesting the settlement may have removed an overhang for possible suitors of TiVo. He believes the litigation may have previously been a deterrent for any possible bidder.
Wold maintains a Buy rating and $17 price target on shares of TiVo.
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