Corning price target raised to $95 from $75 at BofA

BofA raised the firm’s price target on Corning (GLW) to $95 from $75 and keeps a Buy rating on the shares. Corning’s quarter was “well-grounded,” beating Street estimates on the top line amid better than expected revenues in Display, Specialty, and Hemlock, which was offset by more modest growth in Optical, the analyst tells investors in a research note. BofA remains bullish on the growth opportunity in the next 1-2 years driven by data center buildouts and the longer-term opportunity as copper shifts to fiber in the data center.