Ashland Inc. (ASH) Downgraded To Neutral
By Benzinga Staff
March 05, 2010 8:28 PM
March 05, 2010 8:28 PM
Symbols: ASH
Analysts Stephen Velgot and Kevin Kasten at SIG Susquehanna have downgraded Ashland Inc. (NYSE: ASH) from a Positive to a Neutral rating.
The stock has been downgraded as it has reached the price target set by analysts’ at SIG. The shares of Ashland Inc. are currently trading at a multiple of 13.7x SIG’s EPS estimate for fiscal 2010. Analysts prefer to remain on the sidelines at the moment as they do not see any near-term catalysts on the horizon.
The company’s results for the month of January were in line-with expectations.
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