NEW YORK, July 2 (newratings.com) - Analysts at RBC Capital Markets maintain their "sector perform" rating on Corning Inc (NYSE:
GLW -
news) (ticker:
GLW), while raising their estimates for the company. The target price has been raised from $16 to $17.
In a research note published this morning, the analysts mention that the company is now readjusting its production levels on the positive side. Improving utilization rates and more predictable demand are expected to lead to healthy sequential volume growth for Corning, the analysts add. The EPS estimates for F2009 and F2010 have been raised from $1.00 to $1.10 and from $1.45 to $1.50, respectively.
© 2009 New Ratings
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