Jefferies Initiates Coverage on Corning with Buy Rating and $134 Price Target
Jefferies has officially launched coverage of Corning (NYSE: GLW) with a 'Buy' rating, setting an initial price target of $134. The analyst firm highlights the company's foundational strengths in materials science, specifically its expertise in glass, ceramics, and optical physics. Following the announcement on Wednesday, Corning shares saw modest gains during afternoon trading. The upgrade suggests investor confidence in the company's strategic positioning within the technology and materials sectors.
Tickers: $GLW
Topics: Equity Research Price Target Stock Rating
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