Entegris price target lowered to $115 from $145 at Deutsche Bank

Deutsche Bank analyst Melissa Weathers lowered the firm’s price target on Entegris (ENTG) to $115 from $145 and keeps a Buy rating on the shares following what the firm calls “an overall disappointing quarter and outlook.” Another cyclical reset is “not ideal,” and the firm’s estimates are falling about 8%-12% in the out years, but it does not believe “it will come as a surprise to investors given peer reports to-date,” the analyst stated.