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GLW

Corning

$34.39

0.37 (1.09%)

08:39
04/04/19
04/04
08:39
04/04/19
08:39

Corning announces construction of solar array at New York facility

Corning announced it is building a solar array at its Corning Life Sciences, or CLS, facility in Oneonta, and the company has entered into a solar-power purchase agreement to further support its commitment to clean energy. The array will be Corning's first solar project in New York state. The ground-mounted solar array will be constructed by Ontario, New York-based company GreenSpark Solar and is expected to be completed in the summer. Corning has entered into the power purchase agreement with Kendall Sustainable Infrastructure, which will own the solar array. The electricity generated will go directly into the New York State Electric and Gas grid and be distributed to consumers. The solar array will produce more clean energy for consumers, thereby reducing greenhouse gas emissions in the community.

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GLW Corning
$34.39

0.37 (1.09%)

11/29/18
SBSH
11/29/18
NO CHANGE
SBSH
Citi consumer electronics survey positive for Corning, negative for GoPro
Citi surveyed 60 retail and electronics stores in the U.S. during mid-November to inquire about promotions, sell-through, and preferences for various consumer electronics products, analyst Jim Suva tells investors in a research note. The analyst calls television the "clear winner," followed by video game accessories and wireless speakers. The results point to continued size migration to 50 inch-plus TVs and strong elasticity of demand for price promotions, says Suva. He believes this benefits Corning (GLW). The analyst also finds the video gaming accessories trends as positive for Logitech (LOGI). Fitness trackers and smartwatch trends are neutral for Fitbit (FIT) and positive for Apple (AAPL), while digital camera trends negative for GoPro (GPRO), adds Suva.
11/14/18
GUGG
11/14/18
DOWNGRADE
GUGG
Neutral
Guggenheim sees 5% iPhone drop next year, downgrades Apple to Neutral
Guggenheim analyst Robert Cihra downgraded Apple to Neutral from Buy and removed his prior $245 price target for the shares. The stock closed yesterday down $1.94 to $192.23. The average selling price of the iPhone has increased a "dramatic" $220, or 40%, over the past 10 years, reflecting its "growing value to both consumer and business markets," Cihra tells investors in a research note. The analyst points out, however, that nearly half of that increase came in fiscal 2018 alone. This makes a "period of digestion now likely," Cihra writes in a note partially titled "ASPs No Longer Enough." The analyst believes Apple's growth via average selling price is now "widely known." The iPhone's nearly 60% contribution to revenue and profits is "looking like a headwind again," says Cihra. Following early supply chain cuts, exemplified by Corning's (GLW) "softer" Q4 gorilla glass guidance back in October and this week's warnings from 3D sensing laser supplier Lumentum (LITE) and LCD supplier Japan Display, the analyst now estimates iPhone units will decline 5% year-over-year in fiscal 2019. He cut his fiscal 2019 earnings per estimate for Apple to $12.97 from $13.41 and revenue estimate to $273B from $281B.
09/20/18
ARGS
09/20/18
NO CHANGE
Target $42
ARGS
Buy
Corning price target raised to $42 from $36 at Argus
Argus analyst Jim Kelleher raised Corning's price target to $42 from $36 sayaing its positioned to leverage revenue growth into margin expansion in 2H 2018 and 2019. Kelleher said investments are now bearing fruit and is positioned for positive bottom-line comparisons for 2H 2018 and 2019.
09/14/18
09/14/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Corning (GLW) upgraded to Buy from Neutral at Citi with analyst Asiya Merchant saying 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. 2. Coca-Cola European Partners (CCE) was upgraded to Outperform at Wells Fargo and to Neutral from Negative at Susquehanna. 3. VF Corp. (VFC) upgraded to Outperform from Market Perform at Cowen with analyst John Kernan saying VF's disclosure of a 23% operating margin for Vans implies that the brand alone could generate $1B-plus in free cash flow by fiscal 2022. 4. Helmerich & Payne (HP) upgraded to Neutral from Underweight at JPMorgan with analyst Sean Meakim saying Helmerich exceeded his expectations in adapting to the upgrade cycle. 5. Parker-Hannifin (PH) upgraded to Buy from Neutral at Buckingham. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

AMRN

Amarin

$18.32

-0.07 (-0.38%)

11:45
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Amarin call volume above normal and directionally bullish »

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Treasury's $20 B FRN auction was awarded at a high discount margin of 0.139% »

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LRN

K12

$31.11

-5.115 (-14.12%)

11:40
04/24/19
04/24
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K12 analyst commentary  »

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TSLA

Tesla

$262.87

-0.98 (-0.37%)

, SSNLF

Samsung

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Fly Intel: What to watch in Tesla earnings report »

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Tesla

$262.87

-0.98 (-0.37%)

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Samsung

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CAT

Caterpillar

$138.82

-3.26 (-2.29%)

11:37
04/24/19
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11:37
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

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GWW

Grainger

$292.75

-0.46 (-0.16%)

11:37
04/24/19
04/24
11:37
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11:37
Hot Stocks
Grainger authorizes repurchase of additional 5M shares »

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BKU

BankUnited

$35.97

0.24 (0.67%)

11:36
04/24/19
04/24
11:36
04/24/19
11:36
Downgrade
BankUnited rating change  »

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GWW

Grainger

$292.73

-0.48 (-0.16%)

11:36
04/24/19
04/24
11:36
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11:36
Hot Stocks
Grainger raises dividend by 6% to $1.44 per share »

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  • 24

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BBY

Best Buy

$75.08

1.48 (2.01%)

, PG

Procter & Gamble

$104.47

1.28 (1.24%)

11:36
04/24/19
04/24
11:36
04/24/19
11:36
On The Fly
Best Buy, P&G, Snap upgrades among today's top analyst calls »

Check out today's top…

BBY

Best Buy

$75.08

1.48 (2.01%)

PG

Procter & Gamble

$104.47

1.28 (1.24%)

SNAP

Snap

$11.20

-0.79 (-6.59%)

KHC

Kraft Heinz

$32.73

-0.365 (-1.10%)

AAPL

Apple

$208.23

0.73 (0.35%)

03/08/13
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TEVA

Teva

$14.98

0.07 (0.47%)

, MYL

Mylan

$26.47

-0.13 (-0.49%)

11:35
04/24/19
04/24
11:35
04/24/19
11:35
Recommendations
Teva, Mylan, Novartis analyst commentary at Wells Fargo »

Sandoz results should not…

TEVA

Teva

$14.98

0.07 (0.47%)

MYL

Mylan

$26.47

-0.13 (-0.49%)

NVS

Novartis

$78.35

2.51 (3.31%)

03/08/13
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YPF

YPF

$14.54

-0.35 (-2.35%)

11:35
04/24/19
04/24
11:35
04/24/19
11:35
Options
YPF put volume heavy and directionally bearish »

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CAT

Caterpillar

$138.44

-3.64 (-2.56%)

11:32
04/24/19
04/24
11:32
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11:32
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

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11:30
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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

CAT

Caterpillar

$138.79

-3.29 (-2.32%)

11:24
04/24/19
04/24
11:24
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11:24
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

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TSN

Tyson Foods

$73.67

-0.78 (-1.05%)

, BYND

Beyond Meat

$0.00

(0.00%)

11:21
04/24/19
04/24
11:21
04/24/19
11:21
Periodicals
Tyson Foods quietly sells stake in Beyond Meat, Axios reports »

Tyson Foods (TSN) has…

TSN

Tyson Foods

$73.67

-0.78 (-1.05%)

BYND

Beyond Meat

$0.00

(0.00%)

03/08/13
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IVZ

Invesco

$21.55

-0.07 (-0.32%)

11:20
04/24/19
04/24
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11:20
Options
Call buy in Invesco longest-dated options contracts ahead of earnings »

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ZTO

ZTO Express

$19.98

0.18 (0.91%)

11:19
04/24/19
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11:19
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11:19
Conference/Events
ZTO Express management to meet with UBS »

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CAT

Caterpillar

$138.70

-3.38 (-2.38%)

11:19
04/24/19
04/24
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11:19
Hot Stocks
Caterpillar CFO sees stronger results in 2H vs. 1H »

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CAT

Caterpillar

$138.58

-3.5 (-2.46%)

11:18
04/24/19
04/24
11:18
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11:18
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar CFO says has…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
04/24/19
04/24
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
04/24/19
04/24
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Technical Analysis
NYSE market internals summary »

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CAT

Caterpillar

$138.12

-3.96 (-2.79%)

11:13
04/24/19
04/24
11:13
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11:13
Hot Stocks
Breaking Hot Stocks news story on Caterpillar »

Caterpillar CFO says…

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11:13
04/24/19
04/24
11:13
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11:13
Conference/Events
CLSA China consumer luxury analyst to hold a luncheon meeting »

China Consumer Luxury…

CAT

Caterpillar

$138.08

-4 (-2.82%)

11:10
04/24/19
04/24
11:10
04/24/19
11:10
Hot Stocks
Caterpillar: 'Healthy' U.S. economy to be 'positive' for company »

In Construction…

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BA

Boeing

$379.16

5.12 (1.37%)

11:10
04/24/19
04/24
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11:10
Hot Stocks
Boeing says long-term fundamentals for business 'remain strong' »

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