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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENTG:
- Entegris price target raised to $100 from $98 at Mizuho
- Entegris price target lowered to $103 from $112 at KeyBanc
- Entegris Reports Steady Growth Amid Industry Challenges
- Entegris Inc. Earnings Call: Mixed Outlook Amid Challenges
- Entegris: Strategic Positioning Amid Short-Term Challenges Offers Long-Term Investment Opportunity