UPDATE: Stifel Reiterates On Entegris Following Analyst Day

In a report published Friday, Stifel analyst Patrick Ho reiterated a Buy rating on Entegris ENTG, and raised the price target from $14.00 to $15.00. In the report, Stifel noted, “On Thursday, Entegris hosted an Analyst Day at its new i2M Research Center where it provided a broad overview of the “new” company following its acquisition of ATMI. On top of the operating model update that we were seeking, we emerged positively biased on the potential of Entegris as it is poised to capitalize on many semiconductor technology inflections, see greater stability in its revenue trends (higher unit-driven capital intensity), and increased scale that provides a significant competitive advantage.” Entegris closed on Thursday at $13.08.