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Corning Incorporated (GLW) [hlAlert]

Rating:
Hold GLW
down 40.60 %

Corning Incorporated (GLW) downgraded to Hold with price target $11 by Deutsche Securities

Posted on: Thursday,  Oct 30, 2008  1:25 PM ET by Deutsche Securities

Deutsche Securities rated Hold Corning Incorporated (NYSE: GLW) on 10/30/2008. Previously Deutsche Securities rated Buy Corning Incorporated (NYSE: GLW) on 09/04/2008.,
when the stock price was $16.77. Since then, Corning Incorporated has lost 40.61% as of 10/30/2008's recent price of $9.96.
If you would have followed the previous Deutsche Securities's recommendation on GLW, you would have lost 40.6% of your investment in 56 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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/30/2008 1:25 PM Hold
None
9.96 11.00
as of 12/24/2008
1 Week up  0.39 %
1 Month up  16.40 %
3 Months up  53.51 %
1 YTD down  -4.48 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/4/2008 12:25 PM Buy
None
16.77 22.00
1/29/2008 12:25 PM Buy
None
23.56 32.00
10/25/2007 1:25 PM Buy
None
22.41 30.00
9/20/2007 9:25 AM Buy
None
23.85 31.00

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