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GT Advanced Technologies (GTAT) is cut to Hold from Buy at Ardour Capital, with its target price...

  • Friday, May 18, 2012, 8:49 AM ET
    GT Advanced Technologies (GTAT) is cut to Hold from Buy at Ardour Capital, with its target price lowered to $5 from $16. In light of a disappointing quarter, weaker than expected order trends, increased cancellation risk and declining backlog, the firm slashes its earnings estimates.
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This news story has 3 comments:

  •  
    Quick! Shut that barn door. The horses are gone!
    18 May 2012, 09:11 AM Reply Like
  •  
    This downgrade may have made sense at $9, but not $4.50 The stock now trades less than 4X company guidance for calendar 2012.

    Some rookie analyst probably trying to save face.
    18 May 2012, 09:19 AM Reply Like
  •  
    Took a small position in GTAT around $4.50 as a flier. Has $3 / share cash on the books. The 15% sell off was too much IMO
    20 May 2012, 02:17 PM Reply Like
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