Entegris price target lowered to $145 from $160 at BMO Capital

BMO Capital analyst Bhavesh Lodaya lowered the firm’s price target on Entegris to $145 from $160 and keeps an Outperform rating on the shares after its in-line Q2 results and “softer” Q3 outlook. It is the season of beats and raises for electronics/semis exposed names, and as such, the Q2 earnings were overshadowed by the softer than expected guidance and the mild cut in FY24 guide, the analyst tells investors in a research note.