Entegris downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded Entegris (ENTG) to Hold from Buy with a $105 price target Following the 35% rise in the stock year-to-date, the firm is reducing its rating to reflect the “crosscurrents”, though it remains hopeful that the new management adapts the company’s strategy to drive strong revenue and earnings growth in the near term, the analyst tells investors in a research note.