Shares Of LCD Makers Decline As Analyst Downgrades Corning, AU Optronics On Demand Concerns

Date: 26 February 2010
Source: Startribune.com
SAN FRANCISCO - Stocks of companies that make liquid-crystal-display glass used in flat-screen televisions and other devices fell Tuesday after an analyst downgraded shares of Corning Inc. and AU Optronics Corp., citing concerns that demand will decline in the coming months.

In a client note, Oppenheimer analyst Yair Reiner downgraded Corning shares to "Perform" from "Outperform" and removed a $21 price target, while lowering his rating of AU Optronics to "Underperform" from "Perform." Reiner said checks indicate that demand for LCD panels — which had risen in the last nine months — is likely to drop in the next few months.Therefore, first-quarter panel shipments might end up being the highest for the year, he said, and shipments will have to drop in the second quarter to levels that are closer to sales trends of products that incorporate them.
 
Read more here.

600450 Shares Of LCD Makers Decline As Analyst Downgrades Corning, AU Optronics On Demand Concerns glassonweb.com

See more news about:

Others also read

Corning to Invest in Manufacturing Facility for Automotive Glass Solutions
Retrofitted facility will be third Corning manufacturing site in Hefei, China.
Inspired by Glass: Corning® Gorilla® Glass for Interior Architecture at 740 Broadway
Corning is changing the rules of interior architecture with their durable, lightweight, thin, optically clear solution - Corning® Gorilla® Glass
High Technology Glass with Privacy Smartglass
Smartglass International is pleased to announce that we have provided custom-built Privacy Smartglass windows for the Corning Demo Car Display in San Jose, California, USA.
Youngy Group and Corning Form Joint Venture
The JV will manufacture Corning® Willow® Glass laminates for interior architecture.
On the Road with Corning® Gorilla® Glass for Automotive Interiors
Dreaming of a sleek, interactive, durable surface for the interior of your car? Look no further than Corning® Gorilla® Glass for Automotive.
Corning Showcases Advanced Glass Technologies at Display Industry Event
Corning worked with SHARP to develop technology for the Liquid Crystal Display market.

Add new comment