Corning Incorporated (NYSE:GLW) was downgraded from Buy to Neutral by Davenport & Co. According Davenport’s analysis, Corning’s share price is within 8% of its $20 price target. The company’s stock may stay strong during the holiday seasons due to demand for LCD televisions, there is a risk that demand may significantly weaken in the first quarter of 2010.
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Corning Incorporated is a technology based company. It operates within five business segments, Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company acquired Axygen BioScience, Inc. and its subsidiaries in September 2009.
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