BMO Capital lowered the firm’s price target on Entegris (ENTG) to $95 from $100 and keeps an Outperform rating on the shares. The company’s Q2 results topped estimates as U.S.-China trade normalized and as its consumables business trended higher, the analyst tells investors in a research note. As Entegris works towards optimizing its supply chains and free cash flow/inventory, it is seeing incremental margin headwinds, the firm added.
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