BUZZ-Entegris shares rise on UBS rating upgrade, PT hike

Reuters01-15

** Shares of chip manufacturing supplier Entegris ENTG.O rise 10.76% to $115.29

** UBS upgrades rating to 'buy' from 'neutral'; raises price target to $145 from $90

** Earlier in the day, ENTG shares hit highest since September 26, 2024

** "As we look to C2027, we expect ENTG to benefit from higher volumes as the capex for all new fabs is filled and wafer starts move higher," brokerage says

** UBS sees clear path for co to benefit from its capacity adjustments and improving industry backdrop

** Stock had fallen 14.95% in 2025

(Reporting by Megha Anilkumar Nair)

((MeghaAnilkumar.Nair@thomsonreuters.com;))

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