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How Will GT Advanced Technologies (GTAT) Stock Respond To This Analyst Downgrade?

NEW YORK (TheStreet) -- Shares of GT Advanced Technologies (GTAT) are down -2.75% to $18.06 in early market trading after the electronic parts maker was downgraded to "underperform" from "market perform" at Raymond James (RJF)  this morning.

Analysts at the firm said the incremental news-flow would not support upside in the stock, but still views GT Advanced's Apple (AAPL) partnership and its solar opportunities as positives.

The firm also noted valuation.

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GTAT Chart GTAT data by YCharts

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SYM TRADE IT LAST %CHG
GTAT $0.50 -2.08%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%

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