Corning price target raised to $55 from $46 at Susquehanna

Susquehanna raised the firm’s price target on Corning to $55 from $46 and keeps a Positive rating on the shares. After visiting Corning’s fiber manufacturing facility in Concord, North Carolina, the firm says it “had high expectations into the event, and we still walked away impressed!” The sophistication and IP innovation, combined with the secular demand trends, should make Corning’s Optical revenue mix “a material growth driver,” the analyst tells investors following the site visit and management meetings.