JPMorgan upgrades Corning, predicts 20% rally as company benefits from big broadband buildout ahead

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New for subscribers: JPMorgan upgrades Corning, predicts 20% rally as company benefits from big broadband buildout ahead. Check out CNBCPro today.

When heated to a high temperature and then cooled, new chemical composition can change the way glass behaves. For Gorilla Glass, Corning narrows down the number of compositions to a few dozen, does more melting, then picks two or three candidates to test.

It can take one to three years of testing to reach the one composition Corning ends up putting into the next generation of Gorilla Glass.The investment firm upgraded the glassmaker-turned-tech supplier to overweight from neutral on Monday, saying in a note to clients that the company's should capture the majority of the rising spending on fiber in U.S.

 

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