Entegris price target lowered to $135 from $145 at BMO Capital
The Fly

Entegris price target lowered to $135 from $145 at BMO Capital

BMO Capital analyst Bhavesh Lodaya lowered the firm’s price target on Entegris (ENTG) to $135 from $145 but keeps an Outperform rating on the shares after its Q3 earnings miss and below-consensus guide. The company’s performance is a reflection of the health of the overall semis-market, and its slower rate of outperformance in 2024 is due to a delayed tech/node transitions and new material adoptions, though these are expected in 2025, which along with improving Y/Y fundamentals should drive strong earnings growth for Entegris, the analyst tells investors in a research note.

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