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

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Ashland (NYSE: ASH), and raised its price target from $95.00 to $100.00.

Jefferies noted, “We are raising our price target $5 to $100, or 11.0x 2014E EPS. We believe that by mid-year Ashland should trade more consistently with its peer group, particularly once growth prospects in Specialty Ingredients return to trend. We reiterate our Buy rating.”

Ashland closed on Monday at $80.41.