Story updates at 10 a.m. to reflect market activity.
Shares of GT Advanced gained 3.9% to $17.64 in morning trading.
The analyst firm raised its price target for the company to $24 from $18. Credit Suisse noted that prices for polysilicon and sapphire are rising. Progress on GT Advanced's supply agreement with Apple (AAPL) also contributed to the upgrade.Must read: Warren Buffett's 10 Favorite Dividend Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. GTAT data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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