Barclays analyst Tim Long raised the firm’s price target on Corning to $35 from $28 and keeps an Equal Weight rating on the shares. The company’s Q4 results met expectations but the Q1 guidance came in lighter than expected as many end-markets remain depressed, the analyst tells investors in a research note. The firm says Q1 “should be nadir,” with sequential revenue acceleration through the year with growth more second half-loaded.
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