Corning price target lowered to $33 from $35 at Barclays

Barclays analyst Tim Long lowered the firm’s price target on Corning to $33 from $35 and keeps an Equal Weight rating on the shares. The company’s Q1 results met expectations and the Display recovery is in motion with overall Q2 expectations sequentially higher, the analyst tells investors in a research note. However, continued weakness in Optical, Life Sciences and Specialty Materials is expected in Q2, says the firm.