Needham analyst Y. Edwin Mok raised his price target on Entegris to $42 after the company raised its 3-year EPS target to $2.50 or more at its Analyst Day meeting. Mok says Entegris pointed to above market growth rates, operating leverage, and effective capital allocation, giving him more confidence that the company has "expanding market opportunities" along with a "disciplined approach" toward value creation. The analyst also notes the company's broad product portfolio and diversified customer base supporting "consistent growth" over the long term, keeping his Buy rating on Entegris.