Corning price target raised to $98 from $82 at Morgan Stanley

Morgan Stanley analyst Meta Marshall raised the firm’s price target on Corning (GLW) to $98 from $82 and keeps an Equal Weight rating on the shares. The AI trade broadened out from semi names in 2025, helping infrastructure names, particularly within optical, notes the analyst, who believes that trade can continue, particularly in optical, through the first half of 2026. However, investors will “need to get more selective for full year returns given multiples,” the analyst added in a year-ahead note on the group.