JPMorgan analyst Sterling Auty lowered his price target for TiVo to $18 following the company's Q2 results but keeps an Overweight rating on the name. The analyst is "very encouraged" by the update from interim CEO Raghu Rau regarding the strategic review. The options laid out appear to make it clear that there are a couple different opportunities for shareholder value creation that potentially include breaking apart the products and intellectual property businesses to maximize the monetization potential, Auty tells investors in a post-earnings research note. He also believes TiVo pausing its search for a new CEO suggests that an outcome could take place near term.