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Fly News Breaks for April 20, 2015
ROVI
Apr 20, 2015 | 07:41 EDT
Brean Capital thinks shareholders should stay the course with Rovi's current management, as they believe there is little merit in the charges of activist shareholders. The firm sees concerns about the company's IP position as overweighted and noted the company is involved in product development which should strengthen its market position and technology base. Brean Capital reiterated its Buy rating and $31 price target on Rovi shares.
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