By: Benzinga
December 19, 2012 at 11:34 AM EST
UPDATE: Piper Jaffray Downgraded GT Advanced Technologies to Neutral on Core Segment Headwinds
Piper Jaffray reduced its rating on GT Advanced Technologies (NASDAQ: GTAT ) from Overweight to Neutral and lowered its price target from $7 to $3. Piper Jaffray noted, "We believe that while the company indicated 25% of its $1.2bn in YE12 backlog ($500m in Poly+ $700m in sapphire) remains
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