BUZZ-Citi raises PT on Corning after rising optical demand from hyperscalers
Reuters
Sep 24
BUZZ-Citi raises PT on Corning after rising optical demand from hyperscalers
** Citi raises PT on specialty glass maker Corning GLW.N to $93 from $72
** Brokerage sees GLW benefiting from increased demand for optical products as cloud companies build bigger AI clusters, needing more and faster fiber‑optic links
** Also expects company to benefit from this U.S.‑based solar-supply-chain activity via its exposure to that ecosystem and materials know‑how
** Twelve of 15 analysts rate stock "buy" or higher and three "hold"; median PT is $75 - data compiled by LSEG
** As of last close, stock up 70.2% YTD
(Reporting by Anuj T in Bengaluru)
((anuj.t@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.