Fly News Breaks for July 5, 2016
VZ, ROVI, DISH
Jul 5, 2016 | 09:21 EDT
JPMorgan analyst Sterling Auty views Rovi's (ROVI) contract renewal with Verizon (VZ) as significant. Management stated they would complete the deal in the second half of the year, and the agreement coming only four days into the second half shows their ability to execute, Auty tells investors in a research note. Investors should now have increased confidence that management will be able to complete the DISH (DISH) renewal in a timely manner, the analyst adds. Auty has an Overweight rating on Rovi.
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