Entegris assumed with a Buy at Deutsche Bank

Deutsche Bank analyst Melissa Weathers assumed coverage of Entegris with a Buy rating and $160 price target. The firm views Entegris as having outsized exposure to the fastest growing trends in semiconductor manufacturing technology in the next decade after a series of acquisitions and divestitures over the past several decades, the analyst tells investors. A cyclical recovery in semiconductor units as well as industry capex should drive EPS towards the high end of the company’s long-term target model, which the firm views as “achievable, if not conservative,” the analyst added.