Analysts: TiVo’s Tanking Shares Offer Buying Opportunity and 3 More Research Notes to Check Out
TiVo (NASDAQ:TIVO): TiVo’s settlement of $490 million came in well below Piper Jaffray’s estimates of $550 million, but the firm thinks today’s sell-off will prove to be a buying opportunity for TiVo shares as it keeps an Overweight rating on the stock.
Kroger (NYSE:KR): Cleveland Research has brought its rating on Kroger from Neutral to Buy, due to strong traction in its go-to-market strategy and increasing leverage with suppliers.
CBS (NYSE:CBS): Following Iron Mountain’s report that the IRS was “tentatively adverse” to granting it REIT status, UBS points out that CBS could still spin off its outdoor assets and return significant capital to shareholders. UBS keeps a $54 price target and Buy rating on the shares.
Qualcomm (NASDAQ:QCOM): UBS believes that Qualcomm is well-positioned to grow its sales and EPS at a 15 percent (or more) compound annual growth rate over the next three years, and expects the company to benefit from royalty revenue increases generated by higher smartphone unit growth. It keeps a Buy rating on the stock.
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