Benzinga - Feb 12, 2010Corning Inc. (GLW)
-
Yair Reiner
at
Oppenheimer & CompanyAnalyst Yair Reiner at Oppenheimer (NYSE: OPY) has maintained an Outperform rating for Corning Incorporated (NYSE: GLW). Oppenheimer believes that panel prices could decline meaningfully in the first quarter However, it believes that two factors put glassmakers in a better position; first, as glassmakers need to rebuild depleted inventories, they will not feel the need to dump any excess production, and second, near term glass capacity plans are relatively constrained Moreover, Corning Incorporated's view of 2010 seasonality reflects its interpretation of supply chain dynamics, and not concern over end demand
Share:
<span class="sent">Analyst <span class="analyst">Yair Reiner</span> at Oppenheimer (NYSE: OPY) has maintained an Outperform rating for Corning Incorporated (NYSE: GLW). Oppenheimer believes that panel prices could decline meaningfully in the first quarter</span> However, it believes that two factors put glassmakers in a better position; first, as glassmakers need to rebuild depleted inventories, they will not feel the need to dump any excess production, and second, near term glass capacity plans are relatively constrained Moreover, Corning Incorporated's view of 2010 seasonality reflects its interpretation of supply chain dynamics, and not concern over end demand
Tweet this