Morningstar - Corning Inc (GLW) Commitment to Innovation Keeps Corning at the Cutting Edge; Increasing FVE to $31

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Morningstar

Seth Sherwood

EUR 100.00 For Business Accounts Only

Commitment to Innovation Keeps Corning at the Cutting Edge; Increasing FVE to $31

After taking a fresh look at Corning, we are increasing our fair value estimate to $31 per share from $30. We will maintain our narrow moat rating and note that shares are currently fully valued, in our view.
Corning is one of the leading producers of optical fibers, glass substrates for LCD panels, and specialty glass and ceramic materials used in a variety of applications. We think the firm's commitment to innovation through continual research and development and its solid capital allocation t...

22/08/2018 14 EN

Underlying

Corning Inc

Corning is a provider of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community; and other technologies. The company reportable segments are: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.

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US2193501051 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Seth Sherwood

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Commitment to Innovation Keeps Corning at the Cutting Edge; Increasing FVE to $31

Corning Inc: 2 directors

What returns to expect on Cloud AI?

Corning Incorporated - September 2025 (LTM): Peer Snapshot

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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