Report
Timothy Feeney
EUR 147.86 For Business Accounts Only

Relaunching Coverage of Corning With Narrow Economic Moat, Stable Trend, and $26 Fair Value Estimate

We are relaunching coverage of Corning with a fair value estimate of $26 per share as well as narrow moat and stable moat trend ratings. Corning is the leading provider of glass substrates used in liquid-crystal displays, or LCDs, and is the foremost supplier of fiber-optic cabling and other materials science products. While the display glass business is exposed to the cyclical nature of consumer discretionary spending, we think the firm’s commitment to innovation and its solid capital allocatio...
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.

Provider
Morningstar
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.

Analysts
Timothy Feeney

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