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Truist Securities Initiates Coverage On Entegris with Buy Rating, Announces Price Target of $190
Truist Securities analyst Peter Osterland initiates coverage on Entegris (NASDAQ:ENTG) with a Buy rating and announces Price Target of $190.
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Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Rising borrowing costs could pressure fab and AI infrastructure while straining customers budgets. Semiconductor stocks also faced pressure after South Korea’s Kospi index fell more than 7% overnight.
Shares of semiconductor and chip companies are trading lower amid elevated expectations for Fed rate hikes due to broader inflation and energy challenges. Higher borrowing costs may affect the sector's ambitious capex plans while also creating risks for customers, which may be reflected in lower demand.
This Entegris Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday
Analysts initiated coverage on VYLR, IMTX, ENTG, SLGL and SPTX, assigning Neutral, Buy or Overweight ratings and price targets.