BofA raised the firm’s price target on Corning (GLW) to $56 from $51 and keeps a Buy rating on the shares. The firm notes Corning reported strong results for Q3, with revenue of $3.7B and EPS of 54c driven by continued adoption of optical connectivity products for GenAI. For Q4, BofA expects Optical, Hemlock up quarter-over-quarter and rest down quarter-over-quarter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLW:
- Early notable gainers among liquid option names on October 29th
- Corning sees Q4 EPS 53c- 57c , consensus 52c
- Corning reports Q3 EPS 54c, consensus 52c
- AT&T (NYSE:T) Strikes $1B Deal with Corning to Fuel High-Speed Internet Expansion
- AT&T, Corning expand collaboration with over $1B purchase agreement