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

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Corning Sees Capital Deployment Of Over $20 Billion Until 2019
What Are The Takeaways From Corning Earnings?

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
Apr 2016Goldman SachsUpgradesNeutralBuy
Apr 2016Deutsche BankMaintainsBuy
Jan 2016Drexel HamiltonMaintainsHold

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

 

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