The brokerage said the upgrade is driven by confidence that sustained AI data center investment, rising demand for optical networking products and expanding operating margins will fuel about 30% annual EPS growth between 2026 and 2029. It expects Corning's Optical and Solar businesses to underpin an 18% revenue CAGR through 2028, with long-term agreements with hyperscale customers providing greater earnings visibility. Truist said Corning's Optical segment, which accounts for about 45% of revenue, continues to benefit from AI infrastructure and fiber-to-the-home spending. It also highlighted the company's new Photonics market access platform as a potential long-term growth catalyst while forecasting operating margins to expand to 26% by 2028 and 28% by 2030. Top of FormBottom of FormRelated articlesTruist upgrades Corning to Buy after pullback, sees AI demand driving upsideCircle split as Morgan Stanley cuts to Underweight, TD Cowen starts at BuyUBS downgrades NXP to Neutral on China auto risks, trims PT to $270