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Enter Symbol:
 
Corning Incorporated (GLW) [hlAlert]

Rating:
Hold GLW

Corning Incorporated (GLW) downgraded to Hold by Standpoint Research

Posted on: Wednesday,  Oct 23, 2013  10:25 AM ET by Standpoint Research

Standpoint Research rated Hold Corning Incorporated (NYSE: GLW) on 10/23/2013. Previously Standpoint Research rated Buy Corning
Incorporated (NYSE: GLW) on 12/03/2010., when the stock price was $18.71. Since then, Corning Incorporated has lost 7.96% of its value until Standpoint Research rated GLW Buy on 10/23/2013, when the price was $17.22. .

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.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/10/2014 1:25 PM Buy
None
20.83 28.00
as of 12/13/2013
1 Week   
1 Month   
3 Months up  17.62 %
1 YTD up  36.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/4/2014 11:25 AM Hold
None
20.47
10/15/2014 2:25 PM Buy
None
17.24 21.00
10/23/2013 10:25 AM Hold
None
17.22
12/3/2010 11:25 AM Buy
None
18.71 24.00

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