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Corning Incorporated (GLW) [hlAlert]

Rating:
Sector Perform
GLW
down 4.16 %

Corning Incorporated (GLW) downgraded to Sector Perform with price target $14 by RBC Capital Mkts

Posted on: Thursday,  Jan 17, 2013  9:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Corning Incorporated (NYSE: GLW) on 01/17/2013. Previously RBC Capital Mkts rated Outperform Corning Incorporated (NYSE: GLW)
on 01/26/2012., when the stock price was $12.98. Since then, Corning Incorporated has lost 4.16% as of 01/17/2013's recent price of $12.44.
If you would have followed the previous RBC Capital Mkts's recommendation on GLW, you would have lost 4.16% of your investment in 357 days.

Corning Incorporated (Corning is a global, technology-based company that operates in five business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies segment manufactures glass substrates for use in liquid crystal flat panel displays. Telecommunications segment manufactures optical fiber and cable, and hardware and equipment components for the telecommunications industry. Environmental Technologies segment manufactures ceramic substrates and filters for automobile and diesel applications. Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Life Sciences segment manufactures glass and plastic consumables for pharmaceutical and scientific applications. In September 2009, the Company acquired all the interest in Axygen BioScience, Inc. and its subsidiaries.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/17/2013 9:25 AM Hold
None
12.44 14.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD down  -1.42 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/26/2012 10:25 AM Buy
None
12.98 16.00
1/26/2011 8:25 AM Buy
None
21.57 27.00
1/12/2011 9:25 AM Buy
None
19.59 23.00
9/14/2010 9:25 AM Buy
None
17.18 22.00
4/19/2010 8:25 AM Buy
None
19.99 26.00
1/5/2010 9:25 AM Hold
None
19.96 24.00
7/28/2009 9:25 AM Hold
None
16.51 19.00
7/2/2009 8:25 AM Hold
None
15.46 17.00
1/23/2009 10:25 AM Hold
None
10.00 11.00
9/30/2008 9:25 AM Hold
None
15.33 18.00
9/4/2008 8:25 AM Hold
None
16.77 20.00
7/10/2008 8:25 AM Buy
None
20.70 24.00
4/8/2008 8:25 AM Buy
None
25.93 30.00
11/20/2007 9:25 AM Hold
None
22.97

(*) Stock Price at the time of the recommendation.
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