Oppenheimer Maintains Outperform on Corning, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Martin Yang has maintained an 'Outperform' rating on Corning (NYSE:GLW), but lowered the price target from $42 to $37.
October 25, 2023 | 1:14 pm
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Corning's price target has been lowered by Oppenheimer from $42 to $37, although the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential upside in the stock, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100