Needham analyst Y. Edwin Mok reiterated a Buy rating on Entegris and raised his price target to $44 from $42 to reflect the earnings accretion from the agreement to buy SAES Pure Gas for approximately $355M. In a research note to investors, Mok called the acquisition a "great transaction" that will allow Entegris to leverage its improved financial position to buy a margin and earnings accretive business that is synergistic to its overall portfolio. He thinks Entegris will continue to pursue both CapEx and consumable businesses to expand its footprint and says the company could use debt to finance similar M&A deals longer-term.