ashland

Ashland Inc (NYSE: ASH) announced an update to its planned separation of Valvoline after Wednesday's market close. The company initially disclosed in September 2015 that it would separate itself into two independent, publicly traded companies. The first company, "The New Ashland," would be a global...

According to Jefferies, Ashland (NYSE: ASH) Q3 EPS $0.02 is raised to $0.80. Jefferies said that gross profits fell 15% YoY on a 3-month rolling avg. basis on 3% higher sales. “Our $79/share 12-month price target, at 7.3x FY12E EBITDA, is supported by our peak, midcycle, and sum-of-the-parts...

Deutsche Bank is out with its report today on Ashland (NYSE: ASH), upgrading ASH from Hold to Buy. In a note to clients, Deutsche Bank writes, "Ashland shares are down 13% since May 31 due to a FQ3 preannouncement, a larger than expected base oil price increase and global growth concerns. As a...

Deutsche Bank has upgraded NetGear (NASDAQ: NTGR) and Ashland (NYSE: ASH) from Hold to Buy and has raised the price target on Netgear from $37 to $45 and maintains its $75 price target on Ashland.

Deutsche Bank is out with its report today on Ashland (NYSE: ASH), maintaining Hold. In a note to clients, Deutsche Bank writes, "Ashland is inexpensive on our unchanged 2012 estimate of $5.80, up 68%. However, while valuation is attractive at 10.6x 2012E EPS and 5.7x 2012E EBITDA, we believe the...

Credit Suisse made a number of estimates and price target revisions in a research report published today. UnitedHealth Group (NYSE: UNH) had its price target raised to $69 from $62. In the report, Credit Suisse states, " [the company's] growth target seems more achievable now than it did last...

Deutsche Bank has raised the price target on Ashland (NYSE: ASH) from $68 to $75 and maintains its Hold rating.

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.

Jefferies is out with its report today on Ashland (NYSE: ASH), reiterating Buy. In a note to clients, Jefferies writes, "While near-term margin pressure may balance volume gains, we reiterate our Buy rating based on Ashland's significant operating leverage to a recovery and robust free cash flow....

J.P. Morgan is out with its research report today on Ashland Inc. (NYSE: ASH) following consistent 1Q:F11 results across the board except for their water business. In a note to clients, J.P. Morgan writes, "We reduced our Water profit expectation for 1Q:F11 by ($6M) to $17M. We lowered our full...

Jefferies has adjusted estimates on Ashland (NYSE: ASH) according to its research report published today. In a note to clients, Jefferies writes, "Better trends in Performance partly offset ongoing raw material pressure in Water; recent pricing actions should begin to help in November. On an...

Ashland, Inc. (NYSE: ASH) reported 4Q margin headwinds, causing Jefferies & Co to lower estimates to $1.06 (from $1.21), and with raw materials experiencing high risk, 2011E is lowered to $4.40 (from $4.50). Jefferies also lowered its price target to $62 (from $70). Jefferies believes that...