Wolfe starts Entegris at Outperform, sees potential for DRAM

Wolfe Research analyst Chris Parkinson initiated coverage of Entegris with an Outperform rating and $160 price target. End customer inventories are normalizing off peak, which should trickle into improving wafer starts around midyear, the analyst tells investors in a research note. The firm sees potential for dynamic random access memory to turn in the first half of the year, catalyzed by AI applications.