Jefferies Starts TiVo (TIVO) at Buy; Patent Upside

Jefferies initiates coverage on TiVo (NASDAQ: TIVO) with a Buy. PT $14.00.

Jefferies analyst said, "As users increasingly consume online video in addition to cable TV, large cable operators have turned to TiVo to seamlessly integrate these disparate sources of content. With distribution deals now in place, TiVo is seeing subscriber gains following years of declines. We see a long runway for growth as penetration ramps on current deals as it continues to pursue new deals. Additionally, patent enforcement could drive further upside."

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 $9.55 yesterday.

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