TiVO (TIVO +3%) rallies after UBS' Brian Fitzgerald starts coverage with a Buy and $13 PT....

|By:, SA News Editor

TiVO (TIVO +3%) rallies after UBS' Brian Fitzgerald starts coverage with a Buy and $13 PT. Fitzgerald is pleased with the 117K subscriber gain attached to TiVo's Q3 report - its first gain in four years - and expects additional gains as new deals are signed with video providers. Long-term, Fitzgerald sees trends in online video consumption and content distribution working to TiVo's benefit.