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Stock Market & Financial Investment News

News Breaks
March 26, 2014
07:17 EDTGLWCorning upgraded to Positive from Neutral at Susquehanna
Susquehanna upgraded Corning to Positive and raised estimates following recent Taiwan/Korea meetings and industry data points. The firm sees further upside from improving fundamentals and notes glass volume growth above 10% in 2014/15 driven by a TV replacement cycle, a consolidating competitive glass landscape, and Gorilla glass diversification, among other reasons. Price target raised to $25 from $15.
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August 26, 2014
08:00 EDTGLWCorning looks poised to turn into cash machine, says Bernstein
Bernstein believes that Corning has a clear path to modest capex; increasing cash flows; and rising ROE and ROIC for the next few years. The firm thinks the company is "somewhat undervalued" versus its peers, and it keeps an Outperform rating on the shares.

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