Market Overview

Morgan Stanley Reiterates Underweight Rating on Corning After Analyst Day

Related GLW
Earnings Scheduled For October 27, 2015
23 Stocks With Growth 'Cheaper Than Value'
The Vetr community has upgraded $GLW to 4.5-Stars. (Vetr)

In a report published Monday, Morgan Stanley reiterated its Underweight rating on Corning (NYSE: GLW).

Morgan Stanley noted, “GLW's analyst day was largely uneventful. Mgmt sees Gorilla becoming a $2-3B biz by ‘16, above our ests and Street, but Hemlock impairments could lower book value in coming months, adding downside risks. While the innovation pipeline appears strong, potential payoffs are out far. UW.”

Corning closed on Friday at $12.28.

Latest Ratings for GLW

Sep 2015BarclaysMaintainsOverweight
Sep 2015Sterne Agee CRTInitiates Coverage onNeutral
Sep 2015Deutsche BankInitiates Coverage onBuy

View More Analyst Ratings for GLW
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (GLW)

Get Benzinga's Newsletters