Corning Incorporated (NYSE:GLW) gets upgraded to Buy by Citigroup

ME Staff
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Analyst Ratings For Corning Incorporated (NYSE:GLW)

Today, Corning Incorporated (NYSE:GLW) stock received an upgrade by Citigroup from Neutral to Buy.

There are 5 Hold Ratings, 5 Buy Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Corning Incorporated (NYSE:GLW) is Buy with a consensus target price of $33.1667 per share, a potential 5.40% downside.

Some recent analyst ratings include

  • 9/14/2018-Corning Incorporated (NYSE:GLW) gets upgraded to Buy by Citigroup
  • 7/25/2018-Corning Incorporated (NYSE:GLW) had its Buy rating reiterated by Guggenheim
  • 6/20/2018-Corning Incorporated (NYSE:GLW) gets upgraded to Neutral by Goldman Sachs Group with a price target of $29.00
  • 5/3/2018-Corning Incorporated (NYSE:GLW) has coverage initiated with a Neutral ➝ Neutral rating and $33.00 price target
  • 1/31/2018-Corning Incorporated (NYSE:GLW) had its Hold rating reiterated by Oppenheimer

Recent Insider Trading Activity For Corning Incorporated (NYSE:GLW)
Corning Incorporated (NYSE:GLW) has insider ownership of 0.46% and institutional ownership of 70.36%.

  • On 9/4/2018 Christine M Pambianchi, VP, sold 10,000 with an average share price of $33.42 per share and the total transaction amounting to $334,200.00.
  • On 8/30/2018 Christine M Pambianchi, VP, sold 1,000 with an average share price of $33.66 per share and the total transaction amounting to $33,660.00.
  • On 8/27/2018 Eric S Musser, VP, sold 18,225 with an average share price of $33.45 per share and the total transaction amounting to $609,626.25.
  • On 8/2/2018 R Tony Tripeny, Insider, sold 67,659 with an average share price of $33.00 per share and the total transaction amounting to $2,232,747.00.
  • On 8/2/2018 Wendell P Weeks, CEO, sold 237,470 with an average share price of $32.87 per share and the total transaction amounting to $7,805,638.90.
  • On 8/1/2018 Clark S Kinlin, EVP, sold 45,298 with an average share price of $33.15 per share and the total transaction amounting to $1,501,628.70.
  • On 7/30/2018 Edward A Schlesinger, VP, sold 3,953 with an average share price of $33.46 per share and the total transaction amounting to $132,267.38.

About Corning Incorporated (NYSE:GLW)
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) used in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications. This segment also offers subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment manufactures and supplies scientific laboratory products consisting of consumables, such as plastic vessels, specialty surfaces, and media and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Recent Trading Activity for Corning Incorporated (NYSE:GLW)
Shares of Corning Incorporated closed the previous trading session at 35.06 up +1.04 3.06% with shares trading hands.