TradingKey – On August 3, Eastern Time, Corning ( GLW )’s stock price rose over 6% intraday, returning to an upward trend after experiencing a pullback of as much as 45% in July.

It is reported that Truist Securities, a well-known investment firm, upgraded Corning’s rating from “Hold” to “Buy” but lowered its price target from $205 to $175.

Truist analysts stated that the core logic for the upgrade lies in the valuation returning to a reasonable level. In just-ended July, Corning’s stock price experienced a sharp correction of approximately 45%.

The analysts pointed out that since they began tracking the stock in late March this year, their EPS estimates for Corning in 2028 have been revised upward by a cumulative total of approximately…