Mizuho analyst John Roberts raised the firm’s price target on Corning to $42 from $36 and keeps a Neutral rating on the shares after Corning recently hosted an R&D tour as well as meetings with the CEO, CFO and finance team to detail “Springboard,” Corning’s plan to increase sales by $3B in 2026 relative to annualized December-end quarter of 2023. Citing a better understanding of the new product opportunities, the firm applies a higher multiple relative to the five-year median.
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Read More on GLW:
- Corning upgraded to Outperform from Equal Weight at Fox Advisors
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