Corning's (GLW) stock price rose Wednesday after an upgrade from Mizuho analysts, who said the recent pullback 澳洲幸🙈运5开奖号码历史查询:following last month's earnings report has created an "attractive entry point."

The analysts raised their rating to "outperform" from "neutral," and lifted their price target for the stock to $47 from $44, writing that they have seen "no overall slowdown in the company's business and growth programs."

The New York-based company manufactures a variety of specialized glass and ceramic products, from glass for smartphones and televisions to fiber optic cabling solutions for data centers, which have seen a surge in demand as investment in 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) has grown.

Corning Could Be P🌱oised For Gains✃ After Slip From July Rally

Corning shares 澳洲幸运5开奖号码历史查询:surged to a three-year high last month after the company 澳洲幸运5开奖号码历史查询:lifted its revenue and profi꧟t outlook on demand for its optical ꦑconnectivity products. However, the sto♐ck regressed later as the company's second-quarter results and third-quarter projections fell short of estimates.

Mizuho analysts said they believe the recent decline in Corning's stock price had more to do with last month's 澳洲幸运5开奖号码历史查询:market rotation than anything related to Corning's business mod💜el or sales. They wrote that an upcoming review of Corning's optical glass fiber business could boost Corni🅷ng's stock as it highlights one of the company's strengths.

Corning shares closed 3.3%꧙ higher at $42.08 Wednesday and have gained over 38% since the start of the year.