Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Corning Inc (NYSE: GLW) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Corning Inc (NYSE: GLW) stock increased 1.0% on 11/8/24. The shares closed at $48.72. Trading volume in this advance was normal. The stock has risen 2.4% during the last week and has been exceptionally strong 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 a major Value Builder.
Corning has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Corning has a slightly negative Appreciation Score of 37 but a very high Power Rating of 92, and the Positive Value Trend Rating results.
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