Corning (GLW -3.5%) heads south following a downgrade to Neutral from Goldman. The firm argues...

|About: Corning Inc. (GLW)|By:, SA News Editor

Corning (GLW -3.5%) heads south following a downgrade to Neutral from Goldman. The firm argues the catalysts that drove its September upgrade - improving LCD industry fundamentals and capital allocation moves - are mostly played out in the wake of Corning's Q3 beat and Q4 pre-announcement. Moreover, it sees forex and a Q1 LCD inventory correction producing downside to estimates. Corning closed yesterday right around where it was when Goldman made its upgrade.