Corning price target raised to $225 from $175 at Citi

Citi raised the firm’s price target on Corning (GLW) to $225 from $175 and keeps a Buy rating on the shares. The company announced an increase to its optical connectivity manufacturing capacity by 10-times and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts, the analyst tells investors in a research note.