UBS Cuts Price Target on Ashland (ASH) Ahead of Investor Day

November 10, 2016 10:52 AM EST
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

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

UBS maintained a Buy rating on Ashland Inc. (NYSE: ASH), and cut the price target to $125.00 (from $128.00), Following the company's 4Q earnings results.

Analyst John Roberts commented, "New ASH EBITDA for SepQ & FYSep17 was guided below UBSe (~$535-585M vs $613M UBSe), but lower guide on tax rate (~10-15% vs ~18% UBSe) & lower D&A (~$270M vs ~$300M UBSe) help somewhat offset EPS. Specialty Ingredients targeting mid-single % EBITDA growth in FY17, offset by decline in smaller Materials unit, so that total FY17 segment EBITDA (excl corp/other) is roughly unchanged at the midpoint vs FY16 (range is +/- ~4% YoY). New “Pivot to Premier” plan targeting “evolving the portfolio”, including “assessment of the role of I&S (e.g. BDO solvent) in ASH’s portfolio will have renewed emphasis”."

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 $122.33 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

UBS, Earnings

Add Your Comment