News, analysis and insights on technology investing from Barron's Silicon Valley bureau.

Visit BARRONS.com: Tech Trader Daily - Barron's Online

TiVo: FBR Ups Rating; Advises Closing Out Short Positions

Posted on May 15, 2008

TiVo (TIVO) shares are gaining ground today after Friedman Billings Ramsey analyst Brian Coyne raised his rating on the stock to Market Perform from Underperform, setting a $7 price target. Coyne advised investors to close out short positions in the stock.Coyne notes that he had downgraded the stock on January 31 after a rally in the shares following the company s victory in a patent case against Dish Network (DISH); he says the stock has since dropped 9%. The upgrade, he says, is based on two primary factors. One, he says headlines in the DISH case could be more favorable ahead of a May 30 ...

Original article link


analyst , underperform