Corning downgraded by Morgan Stanley with a new price target
$GLW
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Industrials
Morgan Stanley downgraded Corning from Overweight to Equal-Weight and set a new price target of $38.00 from $35.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/21/2024 | $44.00 → $47.00 | Neutral → Outperform | Mizuho |
| 7/31/2024 | $46.00 | Hold → Buy | Deutsche Bank |
| 7/9/2024 | $37.00 | Reduce → Hold | HSBC Securities |
| 6/17/2024 | $45.00 | Equal Weight → Overweight | Fox Advisors |
| 6/13/2024 | $35.00 → $38.00 | Overweight → Equal-Weight | Morgan Stanley |
| 5/30/2024 | $37.00 → $43.00 | Neutral → Overweight | JP Morgan |
| 5/7/2024 | $36.00 | Neutral | Mizuho |
| 4/8/2024 | $34.00 → $35.00 | Neutral | UBS |
Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AI GAAP operating margin expanded 150 bps year over year; core operating margin expanded 160 bps year over year to 18.3%, marking significant progress on ‘Springboard' target of 20% by the end of 2026 Display Technologies implemented price increases and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25% In the fourth quarter, management expects year-over-year sales growth to accelerate and EPS to gro
Corning's Evolv® portfolio will help AT&T expand its fiber network with next-generation solutions AT&T (NYSE:T) today announced a multi-year purchase agreement with Corning Incorporated (NYSE:GLW) to provide next-generation fiber, cable, and connectivity solutions to support the expansion of AT&T's fiber network and help bring high-speed internet to more Americans. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241027311428/en/ AT&T, the largest fiber internet provider in the U.S.*, is expanding its network to bring world-class fiber to more people and places across the country. As Corning's largest customer with preferential vo
Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on December 13, 2024, to shareholders of record on November 15, 2024. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Refor
Mizuho upgraded Corning from Neutral to Outperform and set a new price target of $47.00 from $44.00 previously
Deutsche Bank upgraded Corning from Hold to Buy and set a new price target of $46.00
HSBC Securities upgraded Corning from Reduce to Hold and set a new price target of $37.00
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SC 13G/A - CORNING INC /NY (0000024741) (Subject)
SC 13G/A - CORNING INC /NY (0000024741) (Subject)
On CNBC's “Halftime Report Final Trades,” Kevin Simpson of Capital Wealth Planning said Honeywell International Inc. (NASDAQ:HON) bought back 10% of their float over the last five years. Honeywell will release its second-quarter financial results, before the opening bell on Thursday, July 25. Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at $2.41 per share, up from $2.23 per share in the year-ago period. Honeywell is seen posting revenue of $9.41 billion, compared to $9.17 billion a year earlier, according to data from Benzinga Pro. Don't forget to check out our premarket coverage here Joshua Brown of Ritholtz Wealth Management said Corning
These ten large-cap stocks were the best performers in the last week. Are they in your portfolio? Rivian Automotive Inc (NASDAQ:RIVN) stock gained 21.37% in the last week following recent CPI Data. Additionally, the Department of Energy disclosed a $1.7 billion investment to transform 11 auto facilities that are either shut down or at risk into electric vehicle manufacturing plants and supply chain hubs. Enphase Energy Inc (NASDAQ:EMPH) stock upped 21.15% after the company announced residential and commercial products that can help solar projects qualify for the “Domestic Content Bonus Credit.” D.R. Horton, Inc. (NYSE:DHI) stock rocketed 12.53%. Shares of homebuilders, building com
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CORNING, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE:GLW) Board of Directors today announced that Thomas D. French, former senior partner and current senior partner emeritus with McKinsey & Company, has been appointed to Corning's Board of Directors, effective June 20, 2023. "Tom brings unique industry knowledge and expertise across technology-driven companies and in Corning's key markets," said Wendell P. Weeks, chairman and chief executive officer. "He will be an excellent asset to our diverse, accomplished, and engaged Board of Directors." Mr. French will serve on the board's Audit Committee as well as its Corporate Responsibility and Sustainability Committee.
CORNING, N.Y., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced the appointment of Edward Schlesinger to executive vice president and chief financial officer, effective Feb. 18, 2022. Schlesinger will report to Wendell Weeks, chairman and chief executive officer, and will succeed retiring CFO Tony Tripeny, whose important contributions throughout his career have made Corning a stronger company. Schlesinger, age 54, will oversee Finance and Investor Relations. His transition reflects a broader plan to develop top talent across Corning globally, best positioning the company to capture an attractive set of long-term opportunities and deliver ongoing value to
CORNING, N.Y., June 29, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced that Pamela J. Craig, former chief financial officer of Accenture plc, has been appointed to Corning's Board of Directors, effective June 29, 2021. "Pamela is an accomplished business leader who brings great financial and operational expertise to Corning," said Wendell P. Weeks, chairman and chief executive officer. "She will provide valuable perspective as we continue advancing category-defining innovations that transform industries and improve lives." Ms. Craig will serve on the board's Corporate Responsibility and Sustainability Committee as well as its Audit Committee. She will hold offic
Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AI GAAP operating margin expanded 150 bps year over year; core operating margin expanded 160 bps year over year to 18.3%, marking significant progress on ‘Springboard' target of 20% by the end of 2026 Display Technologies implemented price increases and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25% In the fourth quarter, management expects year-over-year sales growth to accelerate and EPS to gro
Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on December 13, 2024, to shareholders of record on November 15, 2024. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Refor
Management implementing price increases in Display Technologies and expects to deliver segment net income of $900 million to $950 million in 2025, and to maintain net income margin of 25% In Optical Communications, Enterprise sales are expected to grow by more than 40% year over year in the third quarter, driven by the continued strong adoption of new optical-connectivity products for generative AI used inside data centers Company showcases new set of products to interconnect AI-enabled data centers, which support Lumen's build of a new network and mark the first outside-plant deployment of Corning's new gen AI fiber-and-cable system Corning Incorporated (NYSE:GLW) will host a meeting to