1. JPMorgan Downgrades Corning on Valuation, Fabrinet on Visibility Concerns
JPMorgan has issued a double downgrade, cutting ratings for two key industrial tech players, Corning and Fabrinet, citing distinct but significant headwinds. The bank moved Corning to a less favorable rating, explicitly pointing to its elevated stock valuation as a primary concern. Simultaneously, Fabrinet was downgrad...