The Billerica, MA-based company is a developer, manufacturer and supplier of materials and solutions for manufacturing processes in the semiconductor and other high-technology industries.
The upgraded rating comes on the company's potential to outperform peers as node transitions slow, its strong brand and position in a consolidating semiconductor industry and its attractive valuation with good upside potential, the firm said.
"Near-term demand is still soft, but we see an attractive entry point for a company with good long-term potential," Keybanc said in an analyst note.
Shares of Entegris closed lower by 0.45% to $11.13 on heavy trading volume on Monday.
About 872,060 of the company's shares were traded today, compared to its average of 514,280 shares per day.
Separately, TheStreet Ratings Team has a "buy" rating with a score of B- on the stock.
This is driven by some important positives, which the team believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers.
The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: ENTG