Ashland Inc. (ASH) Downgraded To Neutral

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.