GT Advanced Technologies Stock Sinks On IPhone Snub

By | September 10, 2014

Scalper1 News

GT Advanced Technologies (GTAT) has found out what happens when your product isn’t part of the Apple conversation. The crystal display specialist’s stock was down more than 13% in afternoon trading in the stock market today, as the company’s display technology won’t be used in Apple’s new iPhone 6 models. Goldman Sachs on Wednesday downgraded GT Advanced to neutral from buy, and it and at least two other investment banks cut their price targets on Scalper1 News

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