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Fly News Breaks for February 19, 2020
XPER, TIVO
Feb 19, 2020 | 08:42 EDT
B. Riley FBR analyst Eric Wold raised the firm's price target on Xperi (XPER) to $36 from $28 and reiterates a Buy rating on the shares. The company last night reported Q4 results that exceeded expectations for both billings and EBITDA, Wold tells investors in a research note. The analyst is increasingly positive around the synergies to come from the proposed TiVo (TIVO) merger and believes the pro forma projections are achievable given improving underlying revenue run-rates at the two companies.
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