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UPDATE: Topeka Capital Markets Upgrades Corning to Buy on Strong Black Friday

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Topeka Capital Markets raised its rating on Corning (NYSE: GLW) to Buy from Hold.

Topeka Capital Markets commented, "In light of the strong Black Friday weekend sales that we discussed yesterday and Corning's upwardly revised LCD glass outlook this morning, combined with the fact that the stock is trading below tangible book value, we are upgrading shares of Corning to Buy from Hold with a 12-month price target of $15.35. Our estimates are currently under review."

Corning closed at $15.35 on Monday.

Latest Ratings for GLW

DateFirmActionFromTo
Jul 2014CitigroupMaintainsNeutral
Apr 2014HSBCDowngradesOverweightNeutral
Apr 2014JP MorganMaintainsNeutral

View More Analyst Ratings for GLW
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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