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J.P. Morgan Reiterates Neutral Rating, $74 PT on Ashland

Related ASH
Earnings Scheduled For August 1, 2017
5 Biggest Price Target Changes For Wednesday

In a report published Wednesday, J.P. Morgan & Co. reiterated its Neutral rating and $74.00 price target on Ashland (NYSE: ASH).

J.P. Morgan noted, “We rate ASH shares Neutral. Ashland currently trades at 8.4x EV/EBITDA for 2013 including net pension liability (or 7.0x EBITDA without pension). Our December 2013 price target of $74 reflects a 6.6x multiple of 2013E EV/EBITDA excluding net pension liability. We note that the great majority of analysts writing research on Ashland recommend its shares, which may indicate that its good business prospects are well-reflected in the current stock price and that room remains for negative price volatility were Ashland's earnings to disappoint expectations.”

Ashland closed on Monday at $79.78.

Latest Ratings for ASH

Nov 2017Credit SuisseMaintainsNeutral
Nov 2017Deutsche BankMaintainsBuy
Nov 2017KeyBancMaintainsOverweight

View More Analyst Ratings for ASH
View the Latest Analyst Ratings

Posted-In: J.P. Morgan & Co.Analyst Color Reiteration Analyst Ratings


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