Jefferies Lowers ASH EPS Estimates

To adjust for persistent raw material pressures, Jefferies is lowering its Ashland Inc. (NYSE: ASH) FY11 EPS by $0.05 to $3.30.

“We are also lowering Q2 EPS by $0.03 to $0.69,” Jefferies writes.

Ashland currently trades at $57.16.