Canaccord says it's "becoming more constructive" on GT Advanced Technologies (GTAT) due to...

|About: GT Advanced Technologies, Inc. (GTATQ)|By:, SA News Editor
Canaccord says it's "becoming more constructive" on GT Advanced Technologies (GTAT) due to stabilizing prices for the sapphire LED wafers GT's equipment is used to make, and a low valuation. However, it's more cautious on wafer maker Rubicon (RBCN). Canaccord also says price declines for LED chips are returning to historical rates, a positive for Cree (CREE), and that Acuity Brands (AYI) should benefit from growing LED lighting sales.