$Corning(GLW)$ Mizuho's price target for Corning has been raised to $270 from $220, with the Outperform rating maintained. Analyst John Roberts notes that as part of a Q2 earnings preview, the firm lowered targets for most basic chemical coverage but raised them for four technology materials stocks. The view is that recent declines in oil futures have reduced the expected natural gas advantage for many basic chemicals, while continued downstream investment in advanced computing should extend the period of strength for tech materials.
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