<div id="readability-page-1"><p><span>Corning (NYSE:GLW - Get Free Report)</span> had its target price cut by analysts at Citigroup  from $58.00 to $50.00 in a research report issued on Monday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the electronics maker's stock. Citigroup's price objective points to a potential upside of 20.28% from the stock's previous close.</p><ul><li>MarketBeat Week in Review – 7/8 - 7/12</li></ul><p>A number of other analysts also recently weighed in on the stock. Barclays cut their price target on shares of Corning from $53.00 to $52.00 and set an &#34;equal weight&#34; rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of Corning from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, February 25th. HSBC raised Corning from a &#34;hold&#34; rating to a &#34;buy&#34; rating and boosted their price objective for the company from $51.00 to $60.00 in a research note on Thursday, January 30th. Morgan Stanley raised their target price on Corning from $39.00 to $48.00 and gave the company an &#34;equal weight&#34; rating in a research note on Tuesday, December 17th. Finally, Bank of America boosted their target price on shares of Corning from $65.00 to $68.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, ten have assigned  a buy rating and one  has assigned  a strong buy rating to the stock. According to data from MarketBeat, Corning presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $53.69.</p><p><b>Get Our Latest Research Report on Corning</b></p><h2>Corning Trading Up 0.8 %</h2><ul><li>AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come</li></ul><p>Shares of GLW traded up $0.31 during trading hours on Monday, reaching $41.57. The stock had a trading volume of 7,388,847 shares, compared to its average volume of 5,935,923. The firm has a 50-day moving average of $47.57 and a 200 day moving average of $47.81. The company has a quick ratio of 1.07, a current ratio of 1.62 and a debt-to-equity ratio of 0.62. Corning has a 52 week low of $30.72 and a 52 week high of $55.33. The company has a market cap of $35.62 billion, a P/E ratio of 71.67, a P/E/G ratio of 1.50 and a beta of 1.03. </p><p>Corning (NYSE:GLW - Get Free Report) last issued its earnings results on Wednesday, January 29th. The electronics maker reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.01. Corning had a net margin of 3.86% and a return on equity of 15.10%.  On average, sell-side analysts expect that  Corning will post 2.33 earnings per share for the current fiscal year. </p><h2>Insider Activity</h2><ul><li>High-Growth, High-Yield Value Stocks Nearing Trigger Points</li></ul><p>In other news, COO Eric S. Musser sold 30,000 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $51.92, for a total value of $1,557,600.00. Following the transaction, the chief operating officer now directly owns 152,944 shares of the company's stock, valued at approximately $7,940,852.48. This represents a 16.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, SVP Michael Alan Bell sold 2,209 shares of Corning stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $49.87, for a total value of $110,162.83. The disclosure for this sale can be found here. Insiders own  0.40% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pallas Capital Advisors LLC purchased a new stake in shares of  Corning in the first quarter valued at approximately $286,000.  City Holding Co. raised its holdings in shares of  Corning by 86.6% in the 1st quarter. City Holding Co. now owns 4,040 shares of the electronics maker's stock valued at $185,000 after buying an additional 1,875 shares during the period.  Portside Wealth Group LLC lifted its holdings in  Corning by 7.0% during the 1st quarter. Portside Wealth Group LLC now owns 24,506 shares of the electronics maker's stock worth $1,122,000 after buying an additional 1,604 shares in the last quarter.  First Citizens Bank &amp; Trust Co. raised its position in  Corning by 5.6% in the 1st quarter. First Citizens Bank &amp; Trust Co. now owns 7,591 shares of the electronics maker's stock valued at $348,000 after purchasing an additional 402 shares in the last quarter.  Finally, KMG Fiduciary Partners LLC increased its position in shares of  Corning by 7.0% in the 1st quarter. KMG Fiduciary Partners LLC now owns 51,773 shares of the electronics maker's stock valued at $2,370,000 after purchasing an additional 3,397 shares during the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors. </p><h2>Corning Company Profile</h2> (Get Free Report)<p>Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Corning</li><li>How to Capture the Benefits of Dividend Increases</li><li>Why NVIDIA Stock Could Soar Despite Wall Street Downgrades</li><li>Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed</li><li>Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or Hold</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>3 Hot New IPOs Defying the 2025 Market Slump</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdMVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdMVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Corning Right Now?</h2><p>Before you consider Corning, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Corning wasn't on the list.</p><p>While Corning currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Citigroup has lowered its price target for Corning (NYSE:GLW) from $58.00 to $50.00 while maintaining a "buy" rating. This adjustment suggests a potential upside of 20.28% from the stock's previous close. Other analysts have also revised their ratings, with Barclays setting a target of $52.00 and HSBC raising it to $60.00. Corning's current consensus rating is "Moderate Buy" with a price target of $53.69. The stock traded at $41.57, with a market cap of $35.62 billion and a P/E ratio of 71.67.</p>

Market Beat

Citigroup Has Lowered Expectations for Corning (NYSE:GLW) Stock Price