BofA analyst Wamsi Mohan lowered the firm’s price target on Corning (GLW) to $56 from $68 and keeps a Buy rating on the shares. Corning will report fiscal Q1 results before the market open on April 29 and the firm expects an in-line quarter overall, the analyst tells investors in a preview. Ahead of the report, the firm leaves estimates unchanged, but applies a lower multiple to reflect stock moves in the overall industry.
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