Fly News Breaks for March 2, 2015
ROVI
Mar 2, 2015 | 08:12 EDT
Brean Capital noted recent reports that an activist investor had taken interest in Rovi and thinks the investors desire to either see the company sold to private equity or to see Rovi separate its licensing business from its products business. Brean Capital believes Rovi shares would have outperformed in 2015, but that the activist interest may accelerate that outperformance. Brean Capital maintained its Buy rating and $31 price target on Rovi Shares.
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