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

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.
Comments (3)
  • vireoman
    , contributor
    Comments (1007) | Send Message
     
    Quick! Shut that barn door. The horses are gone!
    18 May 2012, 09:11 AM Reply Like
  • Atlanta1
    , contributor
    Comments (8) | Send Message
     
    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
  • TFCAB
    , contributor
    Comments (1977) | Send Message
     
    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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