Citi raised the firm’s price target on Corning (GLW) to $170 from $120 and keeps a Buy rating on the shares. The firm added “upside 30-day catalyst watches” on both Corning and Lumentum ahead of the Optical Fiber Communication conference on March 17-19. Citi views the companies as “pillars” in the AI optical networking ecosystem and expects positive news from the conference.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLW:
- Early notable gainers among liquid option names on February 23rd
- Corning price target raised to $127 from $103 at Morgan Stanley
- Corning price target raised to $145 from $120 at Mizuho
- Early notable gainers among liquid option names on February 20th
- Corning call volume above normal and directionally bullish