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UPDATE: Canaccord Downgrades GT Advanced Technologies

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In a note released Monday, Canaccord analyst Jonathan Dorsheimer downgraded shares of GT Advanced Technologies (NASDAQ: GTAT) from Buy to Hold and maintained a $20 price target.

Dorsheimer is doubtful that GT will see upside in its 2016 EPS unless Apple uses sapphire in all of its iPhone and iWatch models. Moreover, he says it is unlikely that the iPhone 6 introduction will initially feature sapphire displays in materials volumes.

Analysts at UBS also issued a downgrade on GT Advanced Technologies.

Latest Ratings for GTAT

DateFirmActionFromTo
Sep 2014Goldman SachsDowngradesBuyNeutral
Sep 2014Piper JaffrayDowngradesOverweightNeutral
Sep 2014Canaccord GenuityMaintainsHold

View More Analyst Ratings for GTAT
View the Latest Analyst Ratings

Posted-In: Canaccord Genuity Jonathan DorsheimerAnalyst Color Downgrades Price Target Analyst Ratings

 

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