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Enter Symbol:
 
Corning Incorporated (GLW) [hlAlert]

Rating:
Neutral GLW
down 50.00 %

Corning Incorporated (GLW) upgraded to Neutral with price target $18 by Davenport

Posted on: Monday,  Apr 27, 2009  2:25 PM ET by Davenport

Davenport rated Neutral Corning Incorporated (NYSE: GLW) on 04/27/2009. Previously Davenport rated Reduce/Sell Corning Incorporated (NYSE: GLW) on 11/18/2008., when
the stock price was $7.95. Since then, Corning Incorporated has gained 100.00% as of 04/27/2009's recent price of $15.90.
If you would have followed the previous Davenport's recommendation on GLW, you would have lost 50% of your investment in 160 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 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -66.84 %
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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