Deutsche Bank Starts Ashland Inc. (ASH) at Buy

November 28, 2016 7:22 AM EST
Get Alerts ASH Hot Sheet
Price: $115.03 +0.29%

Rating Summary:
    9 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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Deutsche Bank reinstated coverage on Ashland Inc. (NYSE: ASH) with a Buy rating and a price target of $125.

"Following a 6-month restriction (DB was an underwriter on the Valvoline IPO {VVV, Hold, $21.09}), we are resuming coverage of Ashland with a Buy rating and a PT of $125. With the VVV IPO, Ashland completed a key step in its decade-long journey to become a high margin, value-add specialty chemical company. With the distribution of the remaining VVV shares in May following the release of March quarter results, coupled with the likely sale of Intermediates & Solvents (I&S), Ashland’s remaining commodity business, this transformation will be complete. As Ashland validates its specialty businesses are truly special, we believe there is 15% upside in Ashland chemical shares," said analyst David Begleiter.

For an analyst ratings summary and ratings history on Ashland Inc. click here. For more ratings news on Ashland Inc. click here.

Shares of Ashland Inc. closed at $115.12 yesterday.



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