NEW YORK (TheStreet) --aGT Advanced Technologies was gaining 5.1% to $18.84 Tuesday after Piper Jaffray initiated coverage of the company with an "overweight" rating. The analyst firm set a price target of $23 for the company. GT Advanced shares will "likely react sharply" to Apple's iPhone 6 which may use the company's sapphire crystal glass, according to analyst Mike Ritzenthaler. "We believe that Mesa process yields (though perhaps currently suboptimal) are sufficient to cover the initial production of the iPhone 6, and poised to improve over the next 6-9 months," Ritzenthaler wrote. Must Read:aWarren Buffett's 25 Favorite 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 EXCLUSIVE OFFER:aSee inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners.aClick here to see the holdings for FREE.
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