Goldman Sachs Resumes Rovi Corp. (ROVI) at Neutral

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March 30, 2012 7:33 AM EDT
Get Alerts ROVI Hot Sheet
Price: $22.42 --0%

Rating Summary:
    7 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Goldman Sachs resumes coverage on Rovi Corp. (NASDAQ: ROVI) with a Neutral rating and $33 price target.

The firm said FY2012 and FY2013 will be key to assess the company's ability to leverage its prime position in the digital living room into the broader world of cloud-based video services and advertising.

While theses initiatives will be key drivers, the firm sees potential near-term headwinds for its Consumer Electronics (CE) business and TotalGuide product rollout in Europe.

A potential incremental boost could come from a US housing recovery, the firm said. This is worth watch. This said, the firm sees limited upside to FY2012 estimates.

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 $31.69 yesterday.

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