Barclays lowered the firm’s price target on Corning to $28 from $33 and keeps an Equal Weight rating on the shares. The company’s Q3 results and Q4 guidance came in materially below estimates with almost all end markets seeing continued weakness, the analyst tells investors in a research note.
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Read More on GLW:
- Corning downgraded to Hold from Buy at Deutsche Bank
- Corning sees Q4 core EPS 37c-42c, consensus 50c
- Corning Reports Third-Quarter 2023 Financial Results with Continued Improvement in Profitability and Cash Flow
- Corning reports Q3 core EPS 45c, consensus 47c
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