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Morgan Stanley Reiterates Underweight Rating on Corning After Analyst Day

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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
Mar 2017CitigroupDowngradesBuyNeutral
Mar 2017Goldman SachsDowngradesBuyNeutral
Feb 2017BernsteinDowngradesOutperformMarket Perform

View More Analyst Ratings for GLW
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