Corning price target raised to $35 from $28 at Barclays

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.