Expert Outlook: Corning Through The Eyes Of 7 Analysts
Portfolio Pulse from Benzinga Insights
Seven analysts have recently provided their ratings on Corning (NYSE:GLW), with a mix of opinions. The average 12-month price target is $32.43, down 10.64% from the previous $36.29. Analysts from UBS, JP Morgan, Citigroup, Barclays, Oppenheimer, Morgan Stanley, and Deutsche Bank have adjusted their price targets and ratings, reflecting a cautious outlook. Corning's financial health shows a strong market position with a high market cap and net margin, but revenue decline and high debt-to-equity ratio present challenges.
January 11, 2024 | 7:00 pm
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Analysts have mixed views on Corning, with a downward revision in the average price target to $32.43, indicating a cautious stance. The company's financials show strength in market cap and net margin but face revenue challenges and a high debt-to-equity ratio.
The downward revision in price targets by multiple analysts suggests a bearish outlook for Corning in the short term. The company's revenue decline and high debt levels may concern investors, potentially leading to a negative impact on the stock price.
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