Market Overview

Morgan Stanley Reiterates Underweight Rating on Corning After Analyst Day

Share:
Related GLW
ICYMI: Dow Chemical To Cut Jobs As Result Of Dow Corning Deal
50+ Business Leaders To Endorse Hillary Clinton
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

DateFirmActionFromTo
Jun 2016CitigroupInitiates Coverage onBuy
Jun 2016Standpoint ResearchDowngradesBuyHold
Jun 2016Drexel HamiltonDowngradesBuySell

View More Analyst Ratings for GLW
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (GLW)

View Comments and Join the Discussion!