Brokerage Firm Rating Update on Corning Incorporated (GLW)

Corning Incorporated (GLW) : 2 brokerage houses believe that Corning Incorporated (GLW) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Corning Incorporated (GLW). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Hold with a rating of 3.3.

Corning Incorporated (GLW) : The highest short term price target forecast on Corning Incorporated (GLW) is $23 and the lowest target price is $15. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $18.88 with a standard deviation of $3.28.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Corning Incorporated (NYSE:GLW). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $26 per share from a prior target of $23. The rating by the firm was issued on August 26, 2016.

Corning Incorporated (NYSE:GLW): stock was range-bound between the intraday low of $22.705 and the intraday high of $22.92 after having opened at $22.85 on Wednesdays session. The stock finally closed in the red at $22.85, a loss of -0.26%. The stock remained in the red for the whole trading day. The total traded volume was 10,390,961 shares. The stock failed to cross $22.92 in Wednesdays trading. The stocks closing price on Thursday was $22.88.

Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics, mobile emissions control, optical communications and life sciences. Corning operates in five segments: Display Technologies, which manufactures glass substrates; Optical Communications, which is engaged in providing optical solutions; Environmental Technologies, which manufactures ceramic substrates and filter products; Specialty Materials, which manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals, and Life Sciences segment, which is a developer, manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.

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