Corning price target raised to $65 from $56 at BofA

BofA raised the firm’s price target on Corning (GLW) to $65 from $56 and keeps a Buy rating on the shares after the company reported “strong” Q4 results and guided to Q1 revenue and EPS that topped pre-print consensus estimates at the mid-point of the company’s range. While the Optical business should be down quarter-over-quarter in Q1 despite Lumen, the firm sees “several compelling drivers of growth” over the short and long term that are independent of Gen AI, the analyst tells investors.