Jefferies Raises Ashland PT

Jefferies raised its Ashland (NYSE: ASH) price target from $60 to $65 in a research report published today. Jefferies has a Buy rating on Ashland.

In the report, Jefferies states, "Given a likely long base oil market and favorable mix shift in Water Tech and Performance Materials, we are raising our estimates and raising our price target $5 to $65."

Shares of Ashland were trading at $55.00 in pre-market trading at the time of posting, up 0.71% from Tuesday's market close.