Rovi Price Target Raised After Veveo Acquisition

By | February 25, 2014

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Entertainment middleman Rovi (ROVI) got a price target hike Tuesday after the maker of digital TV program guides on Monday announced an agreement to acquire Veveo, a firm that develops search and personalization technology, for as much as $69 million. Cowen & Co. on Tuesday raised its price target on Rovi stock to 25 from 20, but maintained its market perform rating. Rovi stock was up more than 1% in early afternoon trading in the stock market Scalper1 News

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