Ashland (ASH) : 5 brokerage houses believe that Ashland (ASH) is a Strong Buy at current levels. Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.
Ashland (ASH) : The highest level Ashland (ASH) is projected to reach is $140 for the short term and the lowest estimate is at $125. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $133.2 and the possibility the share price can swing is $5.59.
Also, Credit Suisse downgrades its view on Ashland (NYSE:ASH) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Credit Suisse lowers the price target from $122 per share to $119 per share on Ashland . The rating by the firm was issued on July 28, 2016.
Ashland (NYSE:ASH): After opening at $117.54, the stock dipped to an intraday low of $117.38 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $118.96 and the buying power remained strong till the end. The stock closed at $118.68 for the day, a gain of 0.82% for the day session. The total traded volume was 587,421. The stocks close on the previous trading day was $117.71.
Ashland Inc. (Ashland) is a specialty chemical company that provides products, services and solutions to industries. The Companys segments are: Ashland Specialty Ingredients offers products, technologies and resources in key markets including personal and home care, pharmaceutical, food and beverage, coatings, construction, energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp, paper, mining, food and beverage, power generation, refining, chemical processing, general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing, cost-efficient resin and adhesive technologies that improve the manufacturing, fabrication and design process, and Ashland Consumer Markets delivers premium-branded automotive, commercial and industrial lubricants, automotive chemicals and car-care products.