Corning price target raised to $54 from $49 at Deutsche Bank

Deutsche Bank analyst Matt Niknam raised the firm’s price target on Corning (GLW) to $54 from $49 and keeps a Buy rating on the shares. The firm increased estimates post the company’s “strong” Q3 results and a better than expected Q4 guidance. Corning is benefitting from a cross-section of both secular and cyclical tailwinds across its key end markets, setting the company up for annual mid-teens core earnings growth over the next three years, the analyst tells investors in a research note.