Truist raised the firm’s price target on Corning (GLW) to $149 from $125 and keeps a Hold rating on the shares. The firm notes the company’s Q1 results underscore its accelerated growth in Fiber and Solar, even though its business that is more meaningfully exposed to Consumer Electronics and Auto is seeing flattish growth for the foreseeable future, the analyst tells investors in a research note.
Claim 55% 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: