Entegris price target lowered to $102 from $125 at Citi

Citi lowered the firm’s price target on Entegris (ENTG) to $102 from $125 and keeps a Buy rating on the shares. The company reported March quarter revenue slightly below guidance on lower capex-driven revenue, and guided June quarter below the Street on China impact, the analyst tells investors in a research note. The firm says Entegris sees significant lower new fab construction activities this year across multiple regions, while wafer starts driven activities remains strong.