Jefferies Maintains a 'Buy' on Ashland Inc. (ASH); July Results Show Good Start to Q4

Jefferies maintains a 'Buy' on Ashland Inc. (NYSE: ASH) price target of $85.00.

Analyst, Laurence Alexander, said, "Overall, July results represent a solid start to Q4, though appear roughly in-line with our Q4 estimates. At first glance the results appear above expectations, however 3-mo rolling gross margins should decline over fiscal Q4 in Specialty Ingredients (higher guar inventory costs) and Performance Materials (as the butadiene benefit fades), relative to July's level."

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 $74.05 yesterday.

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