UPDATE: UBS Downgrades GT Advanced Tech (GTAT) to Neutral
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GT Advanced Technologies (GTAT) Sees Upside Action on Volume Surge
July 8, 2014 1:19 PM EDTGT Advanced Technologies (NASDAQ: GTAT) is moving higher mid-day on volume following positive analyst commentary related to iPhone 6 Sapphire use, as rumored earlier. Shares are up 2%.
NOTE: Shares were hit with two downgrades Monday on worries about iPhone sapphire use.
... MoreRubicon Technology (RBCN) Sharply Lower as Peer GT Advanced Tech (GTAT) Hit With Two Downgrades
July 7, 2014 11:39 AM EDTRubicon Technology, Inc. (NASDAQ: RBCN) is under server pressure today. Shares are down 7.4% on heavier-than-normal volume. Today's downside appears related to the double downgrade of peer GT Advanced Tech (NASDAQ: GTAT).
GTAT shares are down over 12% as Canaccord Genuity downgraded the stock from Buy to Hold with a price target of $20.00. Analyst Jonathan... More
UPDATE: Canaccord Genuity Downgrades GT Advanced Tech (GTAT) to Hold; iPhone 6 May Not Include Sapphire in Material Volumes, Says Analyst
July 7, 2014 6:36 AM EDT(Updated - July 7, 2014 7:58 AM EDT)
Canaccord Genuity downgraded GT Advanced Tech (NASDAQ: GTAT) from Buy to Hold with a price target of $20.00. Analyst Jonathan Dorsheimer doesn't believe the initial launch of the iPhone 6 will have a sapphire display in "material volumes."
"We believe GTAT is positioned to benefit from a move to sapphire cover glass in the handset market, as well as a ramp in... More
