Corning Incorporated (GLW) Receives Price Target

Corning Incorporated (GLW) : 8 investment research analysts covering Corning Incorporated (GLW) have an average price target of $18.88 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $15 for the short term. Analysts expect the variance to be within $3.28 of the average price.

Corning Incorporated (GLW) : Zacks Investment Research ranks Corning Incorporated (GLW) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 3.3, which indicates as a Hold.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Corning Incorporated (NYSE:GLW). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $23 per share to $26 per share. The rating by the firm was issued on August 26, 2016.

Corning Incorporated (NYSE:GLW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.67 and $22.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.71, notching a gain of 0.09% for the day. The total traded volume was 5,918,412 . The stock had closed at $22.69 on the previous day.

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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