JPMorgan upgraded Ashland to Neutral from Underweight with a price target of $89, down from $90. The firm cites valuation for the upgrade. It values Ashland on a sum-of-the-parts basis and its forecasted 2025 performance.
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Read More on ASH:
- Ashland reports financial results1 for third quarter fiscal 2024, issues outlook for fourth quarter and full-year fiscal 2024
- Ashland cuts FY24 revenue view to $2.1B from $2.15B-$2.23B, consensus $2.19B
- Ashland sees Q4 revenue $530M-$540M, consensus $567.49M
- Ashland reports Q3 adjusted EPS $1.49, consensus $1.45
- Is ASH a Buy, Before Earnings?