Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Corning to $40 from $39 and keeps a Positive rating on the shares. The analyst updated his estimates after they reported December quarter top and bottom line results above expectations while the March quarter missed top and bottom line estimates as the company noted that China reopening actually resulted in a decline in demand and also resulted in workforce shortages.
Published first on TheFly
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