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

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Earnings Recap For January 26
Earnings Scheduled For January 26, 2016
It's Time to Buy Corning (or pretty darn close) (Small Cap Network)

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
Jan 2016Drexel HamiltonMaintainsHold
Jan 2016UBSMaintainsNeutral
Dec 2015JP MorganDowngradesOverweightNeutral

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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