Corning (NYSE:GLW) Up on Improving Conditions, Outlook

Corning (NYSE:GLW) looks solid in their current markets and appears ready to increase its revenue opportunities in other segments.

Brigantine says, "With inventory levels returning to a healthy state, IT panel pricing stable, TV panel ASP declines moderating, utilization rates aggressively managed, and demand poised to pick up at the end of 1Q11, we continue to believe that the LCD industry is approaching a 'bottom.' Fundamentally, we believe Corning is a robust company building on its core competencies to increase its revenue opportunities (i.e. solar, environmental technologies, touch, life sciences), while maintaining its dominant position in current markets."

Brigantine Advisors reiterates a "Buy" rating on Corning (GLW), which was trading at $21.84, up $0.64, or 2.99 percent, as of 2:26 PM EST. Brigantine raised their price target on Corning from $22 to $23.