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Corning Incorporated (GLW) [hlAlert]

Rating:
Buy GLW
down 61.97 %

Corning Incorporated (GLW) upgraded to Buy with price target $31 by Davenport

Posted on: Wednesday,  Jul 9, 2008  1:25 PM ET by Davenport

Davenport rated Buy Corning Incorporated (NYSE: GLW) on 07/09/2008, when the stock price was $20.91. Since then, Corning Incorporated
has lost 61.98% of its value until Davenport rated GLW Reduce/Sell on 11/18/2008, when the price was $7.95.
If you would have followed this Davenport's recommendation on GLW, you would have lost 61.97% of your investment in 132 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.

In response to the interests of our clients, we have developed a special strength in researching regional stocks, and we analyze one of the largest selections of these companies in our market. Our recommendations are based on painstaking assessments of a company and its industry, a thorough understanding of regional and national trends, visits to the business, and meetings with the management team.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/27/2009 2:25 PM Hold
None
15.90 18.00
as of 12/24/2008
1 Week down  -0.39 %
1 Month down  -16.40 %
3 Months down  -113.33 %
1 YTD down  -159.62 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/18/2008 2:25 PM Sell
None
7.95
7/9/2008 1:25 PM Buy
None
20.91 31.00
7/25/2007 3:25 PM Buy
None
24.67 32.00

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