Barclays Maintains an 'Overweight' on Corning (GLW); Near-Term Reset vs. Potential Catalysts

Barclays maintains an 'Overweight' on Corning (NYSE: GLW) price target of $14.00.

Analyst, Amir Rozwadowski, said, "Management's 2Q commentary on the overall demand environment suggested that a potential guidance reset could emerge at some point in 2H. However, our checks suggest that near-term industry trends - ASPs and demand - remain largely stable and thus we do not believe a near-term estimate reset is guaranteed."

Rozwadowski believes its worthwhile to look into potential positive catalysts for a possible event filled second half of the year.

For an analyst ratings summary and ratings history on Corning click here. For more ratings news on Corning click here.

Shares of Corning closed at $11.99 yesterday.

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