Corning price target raised to $115 from $100 at JPMorgan

JPMorgan raised the firm’s price target on Corning (GLW) to $115 from $100 and keeps an Overweight rating on the shares. The company announced a multi-year, and up to $6B, agreement to support Meta’s plans to accelerate the buildout of data center infrastructure, the analyst tells investors in a research note. The firm sees the agreement as an indicator of “robust ” demand drivers for data center infrastructure equipment.