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

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.

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