Morgan Stanley Downgrades Corning to Equal-Weight, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Corning (NYSE:GLW) from Overweight to Equal-Weight while raising the price target from $35 to $38.
June 13, 2024 | 9:44 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Morgan Stanley has downgraded Corning from Overweight to Equal-Weight, indicating a more neutral stance on the stock. However, the price target has been raised from $35 to $38, suggesting some positive outlook.
The downgrade from Overweight to Equal-Weight suggests a less bullish outlook from Morgan Stanley, which could lead to a neutral or slightly negative short-term impact on the stock price. However, the raised price target to $38 indicates some underlying positive factors, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100