ING Barings analyst Spencer Wang started coverage of interactive-television firms, including Liberty Digital Inc. and Gemstar-TV Guide Inter-national Inc., as "strong buys."
Wang set a price target of $45 per share for Liberty Digital, which closed at $24.25 per share on Sept. 12, and a $115 price target on Gemstar, a 40 percent increase from its Sept. 12 close of $82 per share. Other interactive stocks that caught his eye include Liberate Technologies Inc. ("buy" rating and $37 price target) and Wink Communications Inc. ($20 target). Wang also placed strong buy ratings on OpenTV Corp. and ACTV Inc. He assigned a "hold" rating to TiVo Inc., which provides a service allowing users to record television shows without videotape.