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Enter Symbol:
 
Corning Incorporated (GLW) [hlAlert]

Rating:
Neutral GLW
up 32.56 %

Corning Incorporated (GLW) downgraded to Neutral by Citigroup

Posted on: Wednesday,  Dec 11, 2013  8:25 AM ET by Citigroup

Citigroup rated Neutral Corning Incorporated (NYSE: GLW) on 12/11/2013. Previously Citigroup rated Buy Corning Incorporated (NYSE: GLW) on 03/23/2009., when
the stock price was $12.96. Since then, Corning Incorporated has gained 32.56% as of 12/11/2013's recent price of $17.18.
If you would have followed the previous Citigroup's recommendation on GLW, you would have gained 32.56% of your investment in 1724 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2013 8:25 AM Hold
None
17.18
as of 12/13/2013
1 Week up  0.40 %
1 Month up  1.95 %
3 Months up  17.34 %
1 YTD up  36.13 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/23/2009 8:25 AM Buy
None
12.96 16.00
7/14/2008 9:25 AM Hold
None
20.46 23.00

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