Entegris, Inc. (ENTG)

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S&P REITERATES BUY RECOMMENDATION ON SHARES OF ENTEGRIS INC.

11:14 AM ET 10/24/12 | S&P Marketscope

We trim our '12 operating EPS estimate $0.06 to $0.56, '13's by $0.14 to $0.64 and '14's by $0.17 to $0.82. We trim our 12-month target price by $1 to $10, on a blend of near historical P/E and price-to-sales. ENTG posts Q3 operating EPS of $0.16, vs. $0.17, beating our $0.15 estimate. Sales fell 2% from Q2 but were above our view, aided by higher than expected revenue growth within its microenvironments segment. Margins were also above our view. Despite near term challenges for capital and unit driven products, we are optimistic that orders will improve in first half of '13.