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Fly News Breaks for October 30, 2019
GLW
Oct 30, 2019 | 09:05 EDT
Deutsche Bank analyst Brian Yun downgraded Corning to Hold from Buy with a price target of $30, down from $33. Continuing uncertainty around the company's key business segments could drive volatility in the stock near-term, Yun tells investors in a post-earnings research note. The analyst has concerns around Corning's Optical and Display businesses over the next few quarters. Volatility in these major revenue segments could negatively impact financial metrics, says Yun.
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