UPDATE: Piper Jaffray Downgrades Corning on Multiple Negative Factors
October 11, 2013 at 11:32 AM EDT
In a report published Friday, Piper Jaffray analyst Jagadish Iyer downgraded the rating on Corning (NYSE: GLW ) from Overweight to Neutral, and lowered the price target from $19.00 to $14.00. In the report, Piper Jaffray noted, “We are downgrading Corning to Neutral and reducing our PT to $14 as