Market Overview

UPDATE: Jefferies Raises PT on Ashland on Valuation Framework Revisit

Share:
Related ASH
10 Notable Stocks Trading Ex-Dividend Wednesday, August 17
The Least Popular Stocks This 13F Season

In a report published Tuesday, Jefferies analyst Laurence Alexander reiterated a Buy rating on Ashland (NYSE: ASH), and raised the price target from $92.00 to $104.00.

In the report, Alexander noted, “Ashland could have at least one, and possibly two more rounds of asset shuffling left as the firm evolves into a more specialty chemical company. While this will probably take longer than investors expect, even small steps could help shrink the current discount. We are raising our price target to $104 (5.6% FCF yield, 13x 2014E EPS) and reiterate our Buy rating.”

Ashland closed on Monday at $84.50.

Latest Ratings for ASH

DateFirmActionFromTo
Jul 2016Credit SuisseDowngradesOutperformNeutral
Mar 2016Credit SuisseAssumesOutperform
Mar 2016Credit SuisseMaintainsNeutral

View More Analyst Ratings for ASH
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (ASH)

View Comments and Join the Discussion!