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Bernstein Reaffirms Their Hold Rating on Corning (GLW)

Tipranks - Tipranks - Thu Oct 8, 5:00AM CDT

Bernstein analyst maintained a Hold rating on Corning today and set a price target of $140.00.

Corning has an analyst consensus of Moderate Buy, with a price target consensus of $183.70.

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Based on Corning’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.51 billion and a net profit of $559 million. In comparison, last year the company earned a revenue of $3.86 billion and had a net profit of $469 million

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLW in relation to earlier this year. Last month, Michelle L Gullo, the SVP & CHRO of GLW sold 9,874.00 shares for a total of $1,503,711.46.

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