Corning and Oracle Shares Move as Analysts Adjust Targets

Corning Inc. shares rose 4.6% in mid‑day trading, reaching $204.48 before closing at $192.53. Analysts raised price targets, with Truist moving its target to $205 and JPMorgan to $185, while Zacks downgraded the stock to a hold. The company reported earnings of $0.70 per share, beating estimates, and announced a quarterly dividend of $0.28 payable on September 29.

Oracle Corp. saw a 5.2% reduction in its stake by Pioneer Trust Bank, leaving the fund with 76,161 shares worth about $11.2 million. Other institutions such as Vanguard, State Street and Capital Research increased their holdings. Analysts highlighted potential upside from Oracle’s cloud and AI initiatives, noting a possible $2.2 billion revenue boost, while also flagging concerns over the company’s debt and AI‑related capital expenditures.