Corning price target raised to $223 from $179 at UBS

UBS raised the firm’s price target on Corning (GLW) to $223 from $179 and keeps a Buy rating on the shares. Corning’s investor day exceeded already-high expectations, raising its 2028 sales outlook by 25% to nearly $30B and outlining a path toward $40B by 2030, implying roughly a 20% corporate-level sales compound annual growth rate through 2030 and broadly aligning with the positive stock reaction driven by the magnitude and clarity of the upgraded long-term growth framework, the analyst tells investors in a research note.