BofA raised the firm’s price target on Corning (GLW) to $68 from $65 and keeps a Buy rating on the shares after having attended the company’s investor day, where Corning upgraded its Springboard plan by $1B in both their risk and non-risk-adjusted scenarios. The plan now calls for $4B in incremental sales by 2026 when risk-adjusted and $6B non-risk adjusted, versus prior forecasts of $3B and $5B, respectively, the analyst noted. To align with Springboard plan targets, the firm raised its FY25 revenue and EPS forecasts to $15.8B and $2.37 from $15.5B and $2.35, respectively.
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