Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Analysts Bump Up Corning Price Target Post Q4 Results

Analysts lifted their price targets on Corning Inc (NYSE:GLWpost Q4 results.

  • Barclays analyst Tim Long raised the price target on Corning to $52 from $47 (26% upside) and reiterated an Overweight rating on the shares. 
  • The company's results and guidance were above expectations, with continued strength in optical and outperformance in life sciences and Hemlock boosting results.
  • JPMorgan analyst Samik Chatterjee raised the price target to $50 from $45 (22% upside) and maintained an Overweight. 
  • Corning "once again bucked the reoccurring negative sentiment" that was building into the print as it demonstrated resilient sales results and earnings despite facing gross margin headwinds.
  • Goldman Sachs analyst Rod Hall upgraded Corning from Neutral to Buy and raised the price target to $50 from $38.
  • Price Action: GLW shares traded higher by 4.92% at $41.17 on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.