Entegris price target lowered to $130 from $150 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Entegris (ENTG) to $130 from $150 and keeps a Buy rating on the shares. The firm notes Entegris reported softer than expected revenue and guided Q4 below prior expectations as the company experiences a slower than previously expected broader semiconductor industry recovery. With strength for AIdriven data center persisting, the memory and mainstream semiconductor markets remain challenged with persisting soft smartphone and PC end markets, Craig-Hallum adds.