tiprankstipranks
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.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App