In response to the soft forecast attached to Corning's (GLW) Q4 report, Goldman (Neutral) is...


In response to the soft forecast attached to Corning's (GLW) Q4 report, Goldman (Neutral) is lowering its PT to a mere $11. Of particular importance to Goldman is management's earnings call admission that the problems in its display glass business are "structural," with price declines offsetting any long-term volume growth. DisplaySearch recently noted that even Corning's Gorilla Glass growth is slowing.

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