On Tuesday, Shares of Corning Inc. (NYSE:GLW), gained 2.55% to $20.90, after analysts at RBC Capital upped their rating on the maker of TV displays.
The firm upgraded Corning to “outperform” from “sector perform” with a $26 price target.
RBC analysts cited benefits from the pending upgrade cycle and attractive pricing for its 4K ultrahigh-definition TV sets.
Analysts are expecting accelerating optical growth, strong cash returns, and improving earnings growth.
Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences.
Shares of Weyerhaeuser Co. (NYSE:WY), inclined 2.87% to $32.96, during its last trading session.
Weyerhaeuser Distribution, a leading North American distributor of building materials, has designated David Helmers to lead the division as vice president. The promotion comes at a time of growth for Weyerhaeuser Distribution, which over the past year has expanded its sales teams at several facilities and introduced a range of new product lines in multiple regions.
Helmers is a 20-year veteran of Weyerhaeuser, most recently serving as director of sales and business development for Weyerhaeuser Distribution. He has held numerous other leadership positions within the company, counting sales and operations process leader, mill manager, and corporate safety and environmental leadership.
“With his broad experience and proven leadership across Weyerhaeuser and Weyerhaeuser Distribution, David has not only developed immense expertise and administration skills, but also a passion for and knowledge of the supply channel that assist us navigate its strengths and challenges,” said Adrian Blocker, Senior Vice President, Wood Products. “He is the ideal choice to lead the Distribution team as it continues its growth trajectory and maintains a proven track record of stellar service to our dealer customers around the country.”
Weyerhaeuser Co. is a real estate investment trust. It primarily invests in United States. The firm operates under four business segments, timberlands, wood products, cellulose fibers and real estate. It owns timberlands primarily in the U.S and has long-term licenses in Canada.
Finally, Target Corp. (NYSE:TGT), ended its last trade with 0.65% gain, and closed at $80.97.
Target Corporation, declared voting results from its 2015 Annual Meeting of Shareholders. Shareholders elected 10 members of the board of directors, ratified the appointment of Target’s independent registered public accounting firm, approved the “Say on Pay” administration proposal, approved the Amended and Restated Target Corporation 2011 Long-Term Incentive Plan and rejected two shareholder proposals.
The Carideo Group, the independent Inspector of Elections, has certified all voting results for the Annual Meeting, held June 10. The final tabulation indicates that about 581 million shares were voted, representing 90.9 percent of outstanding shares.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
