Needham & Company Maintains a 'Hold' on Corning (GLW); Good News / Bad News Conference Call

Needham & Company maintains a 'Hold' on Corning (NYSE: GLW) price target of $15.75.

Needham analyst says, "Corning reported better-than-expected Q3 results. Incrementally, we have some creeping concerns about the competitive environment in the glass business longer term. Without an obvious fundamental catalyst, we think the shares will remain range-bound over the intermediate- and longer-term...Our 2012 revenue and EPS estimates decline from $8.77 billion and $2.00 to $8.21 billion and $1.70, respectively."

For more ratings news on Corning click here and for the rating history of Corning click here.

Shares of Corning closed at $14.13 yesterday.

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