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Fly News Breaks for June 24, 2019
GLW
Jun 24, 2019 | 11:08 EDT
JPMorgan analyst Samik Chatterhee maintained a Neutral rating on Corning, noting that LCD TV panel prices declined sharply in June, dropping 3.7% month-over-month, and adding that near-term pricing outlook remained pressured. The analyst noted that this has an "indirect read-through" to Corning, as Corning manufactures the glass that is used in the panels, and the Display glass segment accounts for 49% of its profits.
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