Entegris price target lowered to $90 from $102 at Craig-Hallum

Craig-Hallum analyst Christian Schwab lowered the firm’s price target on Entegris to $90 from $102 and keeps a Hold rating on the shares. The company noted that visibility into 2024 remains challenging, but does believe semiconductor units will grow next year, the analyst tells investors in a research note. The firm looks forward to the company’s virtual analyst update meeting on the business model post recent divestitures planned for early next year at which time Entegris could have better visibility into a potential more significant recovery situation.