Jefferies Reiterates a 'Buy' on Ashland Inc. (ASH); Factors to Offset Bumpy Macro Environment
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Price: $73.71 +0.49%
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies reiterates a 'Buy' on Ashland Inc. (NYSE: ASH) price target of $85.00.
Analyst, Laurence Alexander, said, "To reflect the recent debt refinancing, which was accomplished sooner and on better terms than expected, we are raising 2013E EPS $0.15 to $7.85, even after allowing for a softer demand outlook. We now forecast 2014E EPS of $9.10 and calendar 2013E EPS of $8.15."
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 $72.80 yesterday.
Analyst, Laurence Alexander, said, "To reflect the recent debt refinancing, which was accomplished sooner and on better terms than expected, we are raising 2013E EPS $0.15 to $7.85, even after allowing for a softer demand outlook. We now forecast 2014E EPS of $9.10 and calendar 2013E EPS of $8.15."
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 $72.80 yesterday.
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