Qnity Electronics initiated with an Outperform at Mizuho

Mizuho initiated coverage of Qnity Electronics (Q) with an Outperform rating and $110 price target. Qnity, and peer Entegris (ENTG), are the only pure-play electronic chemicals/materials companies, says the analyst, who notes that the firm projects Qnity to have among the highest organic revenue growth in the analyst’s coverage and that A.I. appears likely to accelerate it. New investor demand from “the much larger semiconductor sector” should absorb any potential selling by DuPont’s (DD) chemical investors, who may not want to own a stock in a different sector, the analyst contends.