JP Morgan Downgrades Corning to Neutral, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee has downgraded Corning (NYSE:GLW) from Overweight to Neutral and lowered the price target from $43 to $36.
October 09, 2023 | 9:50 pm
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NEGATIVE IMPACT
Corning's stock has been downgraded by JP Morgan from Overweight to Neutral, with a reduced price target of $36.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Corning. The lowered price target suggests that JP Morgan sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100