Deutsche Bank Downgrades Corning to Hold, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Matthew Niknam has downgraded Corning (NYSE:GLW) from Buy to Hold and lowered the price target from $37 to $30.
October 25, 2023 | 10:32 am
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Corning's stock has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $30.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for Corning's stock. The lowering of the price target from $37 to $30 suggests that the bank expects the stock's value to decrease in the short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
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