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Fly News Breaks for April 2, 2015
ROVI
Apr 2, 2015 | 06:06 EDT
JPMorgan says it did not hear anything new on Rovi's (ROVI) conference call last night, but adds it believes the point of the meeting was to level-set investors' understanding of recent developments and hearings that have put pressure on the stock. The firm believes management wanted to get across that the Netflix (NFLX) court hearing last week was largely uneventful, despite how Rovi shares reacted, and that the big four renewal negotiations are proceeding as planned. JPMorgan keeps a Neutral rating on Rovi,
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