Jefferies Boosts Numbers on Ashland (ASH) on Solid Trends

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Jefferies lifted estimates and its price target on Buy-rated Ashland Inc. (NYSE: ASH) from $76.00 to $81.00 saying May trends are solid.

The firm comments, "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."

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 $68.05 yesterday, with a 52 week range of $41.11-$69.99.

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