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Fly News Breaks for June 10, 2016
GLW
Jun 10, 2016 | 07:55 EDT
As previously reported, Drexel Hamilton downgraded Corning to Sell from Hold. Analyst Brian White believes the "dead cat" bounce in the LCD supply chain will prove to be transient and reverse itself in Q4 and into 2017. Further, the analyst believes investors have been "blinded" by the Dow Corning divestiture and the "amped-up" capital return program and the fact that the LCD market remains in a secular decline.
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