NEW YORK - Shares of specialty glass maker Corning Inc. rose Monday,helped by expectations for strong LCD TV demand this year.
The stock was up 59 cents, or 3 percent, at $20.48 in midday trading after hitting a 52-week high of $20.85 earlier in the day. In a note to clients, Deutsche Bank analyst Carter Shoop said he expects Wall Street to start raising estimates for Corning's financial results, driven by strong demand both for TVs and personal computers.He upgraded his investment rating on the company to "Buy" from "Hold."
Corning, headquartered in Corning, N.Y., makes the biggest chunk of its revenue selling LCD displays.
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