UPDATE: Jefferies Upgrades Ashland As Oil Volatility Increases

Loading...
Loading...
In a report published Monday, Jefferies analyst Laurence Alexander upgraded the rating on
AshlandASH
from Hold to Buy, and raised the price target from $123.00 to $147.00. In the report, Jefferies noted, “The recent downdraft in oil prices implies a flatter petrochemical cost curve, less demand for NGVs, a downshift in energy infrastructure capex, and a margin tailwind for downstream chemicals. Tilt towards the consumer, away from the cracker, and stay wary of whipsaws in soy (biodiesel) and corn (ethanol).” Ashland closed on Friday at $114.05.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorUpgradesAnalyst RatingsJefferiesLaurence Alexander
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...