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Buy Corning, Juniper, and Casa, but Sell HP, Analyst Says


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An employee pulling a crucible of molten glass from a furnace at the Corning Inc. Sullivan Park Science & Technology Center in Corning, N.Y.
Victor J. Blue/Bloomberg
Corning
shares were trading higher Thursday after Barclays analyst Tim Long raised his rating on the specialty glass maker to Overweight from Equal Weight.
The upgrade was part of a broader review of the 2021 outlook for computer hardware stocks.
Long also upgraded
Juniper Networks
(ticker: JNPR) to Overweight from Equal Weight, boosting his target to $28 from $24, and he lifted
Casa Systems
(CASA) to Overweight from Equal Weight, with a new target of $9, up from $6. Long downgraded ....

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Wall Street views on Qualcomm, Macy's, Corning, McDonald's, Charles Schwab, and Collegium Pharmaceuticals


by CFRA
Corning is a leading maker of glass substrates used by the electronics industry, and fiberoptic equipment used by the telecommunications industry. Our Buy opinion reflects our view that demand is beginning to recover across many of its end markets.
Corning will continue to focus on cost reduction, which we see as the proper strategy in the face of rising global Covid-19 cases. We see positive long-term trends in optical communications, driven by strong growth in hyperscale data-center demand and projects to upgrade legacy copper lines. Corning has the financial strength, including a balance sheet with a weighted average debt maturity of 10 years, to weather recent challenges. The company has completed its purchase of the communication markets division of ....

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