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Fly News Breaks for December 1, 2017
ENTG
Dec 1, 2017 | 06:28 EDT
Loop Capital analyst Chris Kapsch keeps his Buy rating and $40 price target on Entegris after hosting institutional meetings with the company yesterday. Kapsch says the management expressed confidence that the company is not only well positioned but rather "in the midst" of a multi-year semi end-market growth cycle. The analyst says the company enjoys "excellent" organic sales growth momentum, ongoing margin and mix improvement, as well as "solid double-digit earnings growth trajectory", calling it a "high-conviction" Buy.
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