Jefferies Maintains a 'Buy' on Ashland Inc. (ASH); Raising PT and Estimates

September 10, 2012 8:21 AM EDT
Get Alerts ASH Hot Sheet
Price: $122.33 --0%

Rating Summary:
    9 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade ASH Now!
Join SI Premium – FREE
Jefferies maintains a 'Buy' on Ashland Inc. (NYSE: ASH) price target of $90.00 (from $85.00).

Analyst, Laurence Alexander, said, "We are raising 2013E EPS estimates $0.10 given Ashland's AR Securitization announcement on Friday and raising our price target $5 to $90. Separately, better rain in India has improved the prospects for the guar harvest. Finally, for now base oil increases appear unlikely as weak demand likely increases the lag passing through higher crude oil prices."

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 $74.89 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Crude Oil

Add Your Comment