UPDATE: J.P. Morgan Reiterates Neutral Rating, Raises PT on Rovi Corporation
January 04, 2013 at 13:59 PM EST
In a report published Friday, J.P. Morgan & Co. reiterated its Neutral rating on Rovi Corporation (NASDAQ: ROVI ), and slightly raised its price target from $19.00 to $20.00. J.P. Morgan noted, “In what we believe is a positive strategic move, the company is placing the Rovi Entertainment Storefront (RES)
