UPDATE: Barclays Starts TiVo (TIVO) at Overweight; Cash Flow Finally Going Positive

(Updated - July 10, 2012 2:48 PM EDT)

Barclays initiates coverage on TiVo (NASDAQ: TIVO) with an Overweight. PT $11.00.

Analyst, Kannan Venkateshwar, said, "After a decade of losses, we expect TiVo's EBITDA margins and cash flows to finally become positive over the next 18 months...We also expect the successful resolution of TiVo's intellectual property litigation to provide further upside, with settlements likely with Verizon (NYSE: VZ) and Time Warner Cable (NYSE: TWC)."

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 $7.91 yesterday.

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