Corning price target raised to $40 from $37 at Oppenheimer

Oppenheimer raised the firm’s price target on Corning to $40 from $37 and keeps an Outperform rating on the shares. The firm notes Corning reported Q4 core sales/EPS of $3.27B/39c, vs. Street’s expectations of $3.26B/39c. Oppenheimer expects the company to have found the bottom and 2024 setup will see incremental improvement led by Optical and Display.