KeyBanc analyst Aleksey Yefremov lowered the firm’s price target on Entegris (ENTG) to $154 from $164 and keeps an Overweight rating on the shares. The firm notes Entegris’s second half of the year fell shy of expectations mostly as a result of lower demand in 3D NAND and mainstream logic. Objectively, this year has been “fairly disappointing” for the industry, with KeyBanc’s and management’s growth expectations continually revised lower, the firm adds.
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