Susquehanna reiterates positive rating on Corning (GLW) with $40 price target. Bonness Enterprises Inc. increases stake in GLW. Allworth Financial boosts GLW holdings.
Stock AI’s forecasts:
🔴 -3.1% short-term decrease
🟢 +4.1% long-term increase
Stock AI’s (GLW) Forecast get (+11.0% Profit)
StockAI’s analysis delivers real-world results. On 17 January 2024, $GLW ($29.74), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $33.0 (🟢11.0%). Buying GLW on this signal yielded a +11.0% profit 💰💰.
GLW-Corning Incorporated News
🟢 Susquehanna restated their positive rating on shares of Corning, with a $40.00 price objective. Bonness Enterprises Inc. grew its position in the company by 53.0% during the fourth quarter.
🔴 StockNews.com downgraded Corning from a “hold” rating to a “sell” rating, causing some negative sentiment in the market.
🟢 Allworth Financial LP boosted its stake in Corning by 31.6% in the fourth quarter. Valley National Advisers Inc. reduced its stake in the company by 19.7% during the same period.
🔴 SG Americas Securities LLC raised its stake in Corning by 59.8% in the fourth quarter, potentially indicating uncertainty about the company’s future performance.
🟢 State of Michigan Retirement System grew its position in Corning by 3.8% during the fourth quarter. Corning Vice Chairman Lawrence D. Mcrae sold 77,464 shares of the stock.
🔴 Stock traders bought 11,554 call options on Corning stock, an increase of approximately 201% compared to the average daily volume.
Corning Incorporated stock has seen a mix of positive and negative news recently, which has led to some volatility in its price. The restated positive rating and price target from Susquehanna, along with increased stake from Allworth Financial LP, suggest confidence in the company’s future performance. However, the downgrade from StockNews.com and increased stake from SG Americas Securities LLC may have caused some concerns among investors.
Overall, the positive news of increased stake from various institutions and the growth in positions by key players may outweigh the negative impact of the downgrade and increased stake from SG Americas Securities LLC. As a result, while there may be some short-term fluctuations in the stock price, the long-term forecast of a 4.1% increase remains plausible. Investors should continue to monitor news and developments surrounding Corning Incorporated for a better understanding of its future performance.
GLW-Corning Incorporated Analyst Ratings
In recent analyst ratings for Corning Incorporated (NYSE:GLW) stock, we have seen both upgrades and downgrades:
📈 Susquehanna analysts reiterated their positive rating on Corning (NYSE:GLW) stock and raised their price target to $40.00.
📉 StockNews.com downgraded Corning (NYSE:GLW) from a hold rating to a sell rating.
📈 UBS Group analysts increased their price target on Corning (NYSE:GLW) stock from $34.00 to $35.00.
Sources:
1. ETF Daily News – Susquehanna positive rating
2. ETF Daily News – StockNews.com downgrade
3. ETF Daily News – UBS Group price target increase
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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