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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT for Ashland

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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

DateFirmActionFromTo
Feb 2022MizuhoMaintainsBuy
Jan 2022BMO CapitalMaintainsOutperform
Jan 2022Wells FargoDowngradesOverweightEqual-Weight

View More Analyst Ratings for ASH

View the Latest Analyst Ratings

 

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Posted-In: Jefferies & Company Inc.Analyst Color Price Target Reiteration Analyst Ratings

Latest Ratings

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PTLOPiper SandlerMaintains28.0
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