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Fly News Breaks for April 12, 2016
GLW
Apr 12, 2016 | 06:28 EDT
Goldman analysts led by Doug Clark upgraded Corning to Buy and increased its price target to $26 from $19. The analyst believes the TV supply chain is approaching a bottom and recommends investors buy Corning. Further, Clark sees a potential upturn in the LCD cycle, and when combined with earnings diversification, recent foreign exchange moves, stable glass prices, M&A, and stable shareholder returns, supports a higher multiple.
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