Corning, Workday Win Analyst Upgrades

Two technology names picked up analyst upgrades today. GLW and WDAY both saw consensus ratings improve, while AMAT received a sharp target price lift.

Corning shares carry a market cap of $190 billion. The consensus upgrade pushed the average analyst target to $206. That marks a jump from a prior $201 target. Short interest sits at just 2.97% of free float, suggesting bears are not pressing the stock.

Workday got a similar upgrade nod from the Street. Its average target stands near $171. Short interest is higher at 14.1% of free float. That sets up a potential squeeze if buying pressure builds.

Applied Materials saw the biggest target price move of the day. Analysts raised the average target to $579, up from $552. That is a $27 increase per share. AMAT is a $498 billion chip equipment giant. The boost reflects renewed confidence in semiconductor capex spending.

On the downgrade side, CMCSA and CHTR both had targets trimmed. Cable names face ongoing pressure from cord-cutting and fiber competition.

VMC also saw its consensus target edge lower to $326.