Barclays raised the firm’s price target on Corning (GLW) to $100 from $83 and keeps an Equal Weight rating on the shares following the earnings report. While the optical business met expectations, the lack of upside was not enough given the recent upward stock movement, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLW:
- Corning (GLW) Earnings Call Highlights AI and Solar Push
- Corning price target raised to $120 from $110 at BofA
- Midday Fly By: AT&T reports Q4 beat, Amazon cuts 16,000 jobs
- Unusually active option classes on open January 28th
- Corning: Multi‑Year Meta Fiber Deal and AI Data Center Demand Underpin Strengthening Growth and Buy Rating
