Janney Montgomery Scott Maintains a 'Buy' on TiVo (TIVO); Momentum Continues, But Focus Shifts to Litigation

Janney Montgomery Scott maintains a 'Buy' on TiVo (NASDAQ: TIVO) price target of $12.50 (from $13.00).

Analyst, Tony Wible, maintains his rating on shares of TIVO, but lowers his price target, citing belief in increased litigation expenses and a slower pace of deals blocking the path to profitability. The Buy rating is on a longer-term outlook, with the company benefitting from rising IPTV competition that will lead more MSOs to quickly seek next generation interface technology. Further, legal victories will enhance its ability to monetize its IP."

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 $9.36 yesterday.

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