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Rovi surges on guidance, buyback plans, upgrade

Jan. 08, 2015 1:35 PM ETRovi Corporation (ROVI) StockROVIBy: Eric Jhonsa, SA News Editor
  • Rovi (ROVI +6.2%) is up sharply after providing better-than-feared 2015 guidance ahead of its analyst day, and stating it plans to buy back 5M shares this year. The programming guide/content IP licensing firm is now about $2 away from a 52-week high of $25.34.
  • Helping Rovi's cause: Pac Crest has upgraded to Outperform, and set a $31 target.
  • Analyst day slides (.pdf)

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