TiVo (TIVO) Reusmes, Dives Lower Following Settlement
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Janney Montgomery Scott Downgrades TiVo (TIVO) to Neutral
June 7, 2013 10:36 AM EDTJanney Montgomery Scott downgraded TiVo (NASDAQ: TIVO) from Buy to Neutral with a price target of $14.25 after the company announced a settlement with GOOG, CSCO, and TWC for a combined upfront payment of $490 million.
"This number is at the low end of what we had been expecting, which we believe was lower than others on the sell side," analyst Tony Wible said.
He noted:
Positives - This settlement eliminates binary event risk and future legal cost. We estimate TIVO was paying... More
Barclays Downgrades TiVo (TIVO) to Equalweight
June 7, 2013 9:57 AM EDTBarclays downgraded TiVo (NASDAQ: TIVO) from Overweight to Equalweight.
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 $13.71 yesterday, with a 52 week range of $7.75-$14.10.... More
TiVo, Inc. (TIVO) trading halted with news pending
June 7, 2013 7:58 AM EDTTiVo, Inc. (NASDAQ: TIVO) trading halted with news pending.... More

