Gilford Securities Maintains GT Solar Buy, Raises PT from $16 to $18

Gilford Securities maintained its GT Solar SOLR Buy rating and raised its GT Solar price target from $16 to $18 in a research report published today. In the report, Gilford Securities states, "While there may be too many moving parts in GT Solar's estimates, we continue to see strong demand from end markets (factoring for long leadtimes in polysilicon market), GT Solar's market leading position and its ability to succeed in new markets to achieve earnings expectations." Shares of GT Solar closed today at $12.00, up 3.26% from Tuesday's market close.