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

|About: GT Advanced Technologies, Inc. (GTATQ)|By:, SA News Editor

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.