Oppenheimer Reiterates an 'Outperform' on Corning (GLW); Is Display Improving?

Oppenheimer reiterates an 'Outperform' on Corning (NYSE: GLW) price target of $16.00.

Analyst, Andrew Uerkwitz, said, "We are more comfortable with Corning's prospects following recent events and reports from management and its primary customers. At a conference last week, Corning mgmt reiterated its estimate for 2012 glass demand (unchanged in three quarters). And taking a broader look, we saw AU Optronics and Chimei Innolux report positive August revenues and display panel shipment data. These data points give us more comfort with our near-term outlook."

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 $12.55 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• T1 Energy Reports Second Quarter 2026 Results
• Corning (GLW) on watch following Apple (AAPL) downgrade as all-glass phone appears cancelled
• UBS Reiterates Buy Rating on HF Sinclair (DINO)