GT Advanced Tech (GTAT -6.1%) is downgraded to Hold from Buy and its target price is cut to $6...

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

GT Advanced Tech (GTAT -6.1%) is downgraded to Hold from Buy and its target price is cut to $6 from $9 at Canaccord, which concludes that the sapphire cover glass opportunity is not a near-term possibility despite recent optimism. The move is Apple-driven and Samsung is heading towards more of a plastic-based OLED approach, the firm says.