UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT for Ashland
In a company note published earlier today, Jefferies & Company, Inc. reiterated its Buy rating for Ashland Inc. (NYSE: ASH) and raised its price target from $76.00 to $81.00.
Jefferies & Company went on to say “The strong performance in Specialty Ingredients continued in May, supplemented with better than expected Performance Materials margins and better results in Valvoline. Coupled with favorable raw material trends, we are raising Q3 (June) EPS $0.27 to $1.81 and 2012E $0.35 to $6.20. We are also raising our price target $5 to $81, 6.5x 2013E EBITDA.”
Ashland Inc. closed on Friday at $68.05.
Latest Ratings for ASH
Date | Firm | Action | From | To |
---|---|---|---|---|
Feb 2022 | Mizuho | Maintains | Buy | |
Jan 2022 | BMO Capital | Maintains | Outperform | |
Jan 2022 | Wells Fargo | Downgrades | Overweight | Equal-Weight |
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Jefferies & Company Inc.Analyst Color Price Target Reiteration Analyst Ratings