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Morgan Stanley Reiterates Underweight Rating on Corning After Analyst Day

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Earnings Scheduled For July 28, 2015
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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
Jul 2015BenchmarkMaintainsHold
Jul 2015Bank of AmericaDowngradesNeutralUnderperform
Jul 2015UBSDowngradesBuyNeutral

View More Analyst Ratings for GLW
View the Latest Analyst Ratings

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