Jefferies Starts Corning Coverage With Buy Rating, $134 Target

Jefferies opened coverage of Corning with a Buy rating and a $134 price target on Wednesday, Nov. 11, while Corning shares edged higher in afternoon trading.

Corning’s fourth-quarter outlook calls for core earnings per share of 96 cents to $1, above the 93-cent estimate at the low end. Core sales are projected at $5.2 billion to $5.3 billion, a range that starts at the $5.2 billion estimate and reaches $100 million above it.