Barclays Says TiVo (TIVO) Investors Own Free Option

Barclays maintained an Overweight rating on TiVo (NASDAQ: TIVO) and raised its price target of $13.00 (from $11.00).

Analyst said they don't believe a possible Motorola settlement is priced into TIVO, giving investors a free option on this event.

With a broader view, analysts said "Apart from the company's continued success with VMED, there was also an acceleration in the subscriber growth at ONO. Incrementally, the company's owned business also saw an improvement in churn rate due to the mix shifting towards higher-end boxes."

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 $11.82 yesterday.

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