Corning volatility low company sponsored analyst day Corning overall option implied volatility of 28 is below its 26-week average of 32 according to Track Data, suggesting decreasing price movement into company sponsored analyst day on February 8.
Corning agrees to purchase pharmaceutical glass tubing business for EUR 196M Corning announced that it has reached a definitive agreement with Gerresheimer AG to acquire its pharmaceutical glass tubing business for EUR 196M. The deal is expected to be completed by year-end, subject to customary closing conditions, including receipt of regulatory approvals.
Corning upgraded to Outperform from Sector Perform at RBC Capital RBC Capital upgraded Corning to Outperform with a $26 price target based on the pending 4K upgrade cycle, accelerating Optical growth, strong cash returns, and improving CY16 earnings growth. The firm believes attractive pricing for 4K TVs could be an upgrade catalyst which will benefit Display and an acceleration in datacenter spending will drive Optical.