UPDATE: Canaccord Genuity Upgrades GT Advanced Tech (GTAT) to Buy; Even Watching Body Languange

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(Updated - August 17, 2012 9:46 AM EDT)

Canaccord Genuity upgraded GT Advanced Tech (NASDAQ: GTAT) from Hold to Buy with a price target of $9.00 (from $5.00).

Analyst, Jonathan Dorsheimer, said, "We are upgrading GTAT shares on increased buzz around potential smart phone applications...We believe that the smart phone cover “glass” opportunity for sapphire is becoming closer to reality based on our work in the supply chain and GT management’s body language."

For an analyst ratings summary and ratings history on GT Advanced Tech click here. For more ratings news on GT Advanced Tech click here.

Shares of GT Advanced Tech closed at $6.14 yesterday, with a 52 week range of $3.92-$12.79.

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