Entegris price target lowered to $95 from $105 at Mizuho

Mizuho analyst Kieran de Brun lowered the firm’s price target on Entegris to $95 from $105 and keeps a Buy rating on the shares. The analyst says it is well understood that the first half of 2022 will remain challenging from a semiconductor market perspective due to consumer weakness, destocking, lower spending and business losses from regulations. However, the firm believes Entegris is "ideally positioned" to benefit from the semi market’s recovery in the second half of into 2024.