Corning (GLW) Upgraded

By Option Wizard
March 18, 2010 12:01 PM

Symbols: GLW

Posted in: Long Ideas, News, Upgrades, Analyst Ratings, Movers, Trading Ideas

Analysts at Thomas Weisel upgraded Corning (NYSE: GLW) from "market weight" to "overweight". The LCD television market has been strong and is driving demand for screens produced by Corning.

Other demand drivers for Corning are ultra slim PC screens as well as a renewed market for broadband fiber-optic lines. Recent FCC recomendations to boost internet speeds by up to 25 times will lead providers to run more fiber-optic cables nationwide.

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