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Corning, Cisco Among Top Names In Tech Hardware

On a conference call, Argus outlined several names in the technology hardware group considered best ideas among Argus analysts.

Three of those were:

  • Corning Inc GLW 0.57% - With a price target of $30 on shares, Argus liked Corning's execution across all its business units, and saw the new generation of Gorilla Glass as a positive as the glass display business continues to grow.
  • Cisco Systems, Inc CSCO 0.36% - Reporting quarterly results soon under new CEO Chuck Robbins, Argus said Cisco has shown willingness to move quickly, resulting in a transformation from small revenue growth to substantial EPS growth year-over-year.
  • Accenture plc ACN 0.05% - Argus said Accenture has shown again and again it can grow bookings, and that sales growth has ramped up recently.
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