Craig-Hallum analyst Christian Schwab reiterated a Buy rating on Entegris and raised his price target to $47 after the company announced plans to buy SAES Pure Gas for about $355M. In a research note to investors, Schwab said the acquisition adds a large bulk gas purification system to the company's existing set of tool-based applications to be able to offer end-to-end gas purification systems, and that with the deal made less than three months after the company introduced its 2020 model, which is dependent on the company's capital allocation, he has increased confidence in EPS power modestly above the mid-point of the company's $2.35-$3.00 range.