UBS Maintains a 'Buy' on GT Advanced Tech (GTAT); Large Backlog Offsetting Limited New Orders

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May 18, 2012 1:34 PM EDT
Get Alerts GTAT Hot Sheet
Price: $40.00 --0%

Rating Summary:
    4 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 12 | New: 19
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UBS maintains a 'Buy' on GT Advanced Tech (NASDAQ: GTAT) price target lowered from $10.00 to $7.50.

Analyst, Stephen Chin, said, "Large backlog of $1.8B continues to offset limited new orders in CY12...New products remain a key driver of growth in 2013 and beyond...Lowering EPS to account for higher R&D and sapphire pushouts - Our new CY12E and CY13E GAAP EPS are $1.15 and $1.25 versus $1.32 and $1.39 previously."

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 $4.49 yesterday.

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