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.
Claim 30% 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:
- 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
