Corning price target raised to $82 from $75 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Corning (GLW) to $82 from $75 and keeps an Equal Weight rating on the shares. Q3 beat expectations, though largely as a result of Display/Specialty Materials versus Optical, notes the analyst, who calls the latter “the reason for the current multiple.” Both the Optical and Solar businesses should ramp over coming quarters as issues with supply get resolved, keeping investor interest elevated, the analyst added.