GT Advanced upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded GT Advanced (GTAT) based on the potential of its new technology platform called Hyperion, an improving outlook for polysilicon and sapphire markets, and progress on supply agreement with Apple (AAPL). Price target raised to $24 from $18.
News For GTAT From The Last 14 Days
Check below for free stories on GTAT the last two weeks.
Apple iPhone 6 with sapphire to be limited by production issues, LEDinside says Analysis of Apple's (AAPL) iPhone 6 supply chain indicates component suppliers have to start shipping products to OEMs for assembly in June to meet the September launch date, but LEDinside said its research did not discover demands for smartphone cover glass. "The sapphire glass version iPhone 6 will be issued in limited volumes this year," the periodical contends. Note that GT Advanced is a parter to Apple and sapphire supplier to the tech giant. Reference Link