UPDATE: Dougherty & Co Downgrades GT Advanced Tech (GTAT) to Sell; Guidance Needs to Get Cut in Half, Says Analyst

BofA/Merrill Lynch Maintains Bullish Stance on GT Advanced Tech (GTAT); While CY14 Guidance In Question, Only a Matter of Time Before Sapphire Ramp

Shares of GT Advanced Tech (NASDAQ: GTAT) have been been pounded since it was reveled yesterday that Apple won't use Sapphire for either of its iPhone 6 models, only opting to use it for the Apple Watch which won't be available until early 2015. After selling-off 13% Tuesday, shares are down another 14% today. After three downgrades... More

Cowen Cuts PT on GT Advanced Technologies (GTAT) to $18 Following Apple Event; Lack of Sapphire Usage is N-T Setback

Cowen and Company is lowering estimates on GT Advanced Technologies (Nasdaq: GTAT) following Apple's (Nasdaq; AAPL) September event on Tuesday. The firm also eased its price target on GTAT from $19 to $18.

Analyst Jeffrey Osborne commented, As part of Apple's product launch, it appears the only product with sapphire cover glass is Apple Watch. Rather than sapphire, the iPhone has what is essentially a very unique and specialized chemical treatment applied to Gorilla Glass. Despite recent checks indicating supply remained very low, we and our AAPL analyst Tim Arcuri still... More

Raymond James Keeps GT Advanced Technologies (GTAT) at Underperform; Apple Event not Positive for the Stock

Raymond James affirms its Underperform rating on GT Advanced Technologies (Nasdaq: GTAT) following Apple's (Nasdaq: AAPL) September event.

Analyst Pavel Molchanov said, Heading into yesterday's Apple product launch announcement, we could not envision Apple saying anything about its plans for sapphire that would be incrementally bullish for GT, above and beyond the already lofty expectations that... More

Piper Jaffray Downgrades GT Advanced Tech (GTAT) to Neutral on Smaller Than Expected Apple Sapphire News

Piper Jaffray downgraded GT Advanced Tech (NASDAQ: GTAT) from Overweight to Neutral with a price target of $16.00 (from $23.00) after it was revealed that sapphire will be in the Apple Watch but not the iPhone 6. Analyst... More

Goldman Sachs Cuts GT Advanced Tech (GTAT) to Neutral; Analyst Disappointed by Apple

Goldman Sachs downgraded GT Advanced Tech (NASDAQ: GTAT) from Buy to Neutral with a price target of $14.00 (from $20.00). Analyst Brian Lee is disappointed Sapphire wasn't used in the Apple's new iPhone.

"Contrary to our view, Apple did not include sapphire display technology in either of the new iPhone 6 models. Instead, Apple launched a new smartwatch device, available in early 2015, which includes a sapphire display and... More

UPDATE: GT Advanced Technologies (GTAT) Collapsing as Apple Introduces iPhone 6; Others on Watch

(Updated - September 9, 2014 1:23 PM EDT)

GT Advanced Technologies (NASDAQ: GTAT) declined after Apple introduced the iPhone 6. So far there has been no mentioned of Sapphire. Related stock Corning (NYSE: GLW) is slightly higher.... More