Ashland price target raised to $115 from $105 at Seaport Research

Seaport Research raised the firm’s price target on Ashland to $115 from $105 and keeps a Buy rating on the shares. The company provided formal guidance that was in the upper half of the previous outlook, suggesting that the downside scenario is now seen as low probability, the analyst tells investors in a research note. The firm says Ashland sounds confident that destocking impacts are in the past, with broad-based improvement in order patterns and visibility thus far in Q2.