Entegris initiated with an Outperform at BMO Capital

BMO Capital initiated coverage of Entegris with an Outperform rating and $129 price target. The company provides specialty chemistries, materials, filtration and other process solutions to the semiconductor and high-end electronics industries, says the analyst, who sees the stock providing investors with “an attractive avenue to get exposure” with the semis industry “on the cusp of its next cyclical upturn.” The analyst notes that the stock has had a strong run off its bottom, but still sees “a multi-year runway of outperformance.”