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Technology Stocks : Corning Incorporated (GLW)
GLW 37.69-2.4%Feb 25 4:00 PM EST

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From: Sidney Street1/15/2015 1:34:45 PM
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From SA:

JPMorgan upgrades Corning, cites 4K TVs and Iris Glass

Jan 15 2015, 10:57 ET | About: Corning Inc. (GLW) | By: Eric Jhonsa, SA News Editor

JPMorgan's Rod Hall has upgraded Corning ( GLW +0.8%) to Overweight, and hiked his target by $5 to $26. His move comes a month after Citi's upgrade, and ahead of Corning's Jan. 27 Q4 report.Hall cites expectations of strong 4K/UHD TV growth - one of the factors behind Corning's Dec. 9 guidance hike - and the potential for the company's recently-launched Iris Glass (a light-guide plate solution for edge-lit TV sets) to boost 2016 EPS by as much as 6%.Corning is close to its 52-week high of $23.89, and trades for 15x 2015E EPS. The 2015 revenue growth consensus is at 2.2%.
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