Corning price target raised to $53 from $40 at Barclays

Barclays raised the firm’s price target on Corning (GLW) to $53 from $40 and keeps an Equal Weight rating on the shares. The firm says the company’s Optical segment drove the Q3 beat and that segment should “buck typical Q4 seasonality with continued outperformance.” Corning’s Display pricing actions already hitting the model with double-digit price increases expected, the analyst tells investors in a research note.