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Fly News Breaks for September 14, 2018
GLW
Sep 14, 2018 | 07:04 EDT
Citi analyst Asiya Merchant upgraded Corning to Buy from Neutral with a $40 price target. The shares are "poised to continue to grind higher" in the next 12-18 months as investors appreciate the company's "multiple vectors" for revenue growth, diversification and margin expansion, Merchant tells investors in a research note. The analyst expects Corning's earnings and margins growth will be driving by optical demand strength and better display pricing.
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