Ashland (ASH) Receives Price Target

Ashland (ASH) : 5 Wall Street analysts covering Ashland (ASH) believe that the average level the stock could reach for the short term is $133.2. The maximum price target given is $140 and the minimum target for short term is around $125, hence the standard deviation is calculated at $5.59.

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.


Also, Credit Suisse downgrades their rating on the shares of Ashland (NYSE:ASH). The current rating of the shares is Neutral. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $119 per share from $122 per share. The rating by the firm was issued on July 28, 2016.

Ashland (NYSE:ASH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $116.98 and $116.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $117.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $117.62, notching a gain of 0.46% for the day. The total traded volume was 245,591 . The stock had closed at $117.08 on the previous day.

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.

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