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An employee pulling a crucible of molten glass from a furnace at the Corning Inc. Sullivan Park Science & Technology Center in Corning, N.Y. Victor J. Blue/Bloomberg
Corning shares were trading higher Thursday after Barclays analyst Tim Long raised his rating on the specialty glass maker to Overweight from Equal Weight.
The upgrade was part of a broader review of the 2021 outlook for computer hardware stocks.
Long also upgraded
Juniper Networks (ticker: JNPR) to Overweight from Equal Weight, boosting his target to $28 from $24, and he lifted
Casa Systems (CASA) to Overweight from Equal Weight, with a new target of $9, up from $6. Long downgraded
Cisco Spars With Acacia Communications Over Takeover Deal
Networking-equipment giant seeks to muscle its way to completing the deal after Acacia scraps merger agreement The tech battle between the U.S. and China has battered TikTok and Huawei and startled American companies that produce and sell in China. WSJ explains how Beijing is pouring money into high-tech chips as it wants to become self-sufficient. Video/Illustration: George Downs/The Wall Street Journal By Updated Jan. 8, 2021 5:42 pm ET Acacia Communications Inc. is scrapping a plan to sell itself to Cisco Systems Inc. for roughly $2.6 billion, though the networking-equipment giant is aiming to muscle its way to completing the deal.