JPMorgan ups Corning target, opens ‘Positive Catalyst Watch’

JPMorgan analyst Samik Chatterjee raised the firm’s price target on Corning to $36 from $34 and keeps a Neutral rating on the shares. The analyst also placed the stock on “Positive Catalyst Watch” ahead of the earnings report. The short cycle drivers for Corning have turned around over the last ninety days and have set up the shares, which have underperformed the broader market since the negative earnings revision following the last earnings call, well for upside heading into the upcoming earnings print, the analyst tells investors in a research note.