UBS raised the firm’s price target on Corning (GLW) to $57 from $54 and keeps a Neutral rating on the shares. Better than feared tariff impacts could support downstream firms in the quarter, while commodities are likely to remain under pressure with weaker demand trends, the analyst tells investors in a research note.
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Read More on GLW:
- Corning price target raised to $50 from $44 at Morgan Stanley
- Coherent price target raised to $92 from $83 at Morgan Stanley
- Lumentum price target raised to $85 from $76 at Morgan Stanley
- Corning initiated with an Outperform at Wolfe Research
- Corning has ‘underappreciated upside opportunity’ in solar, says JPMorgan