Alert: Rating Downgrade (3/6/20)-Corning Inc (NYSE: GLW).

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Stock Rating Downgrade

During the last several trading days the Value Trend Rating for Corning Inc (NYSE: GLW) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.

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Recent Price Action

Corning Inc (NYSE: GLW) stock closed at $24.88 on 3/6/20 after an increase of 1.1%. Moreover, this advance was accompanied by unusually high trading volume at 162% of normal. The stock has risen 3.5% during the last week but has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

GLW’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Corning has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Corning has a slightly positive Appreciation Score of 62 but a poor Power Rating of 26, producing the Negative Value Trend Rating.

About John Lafferty 101900 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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