JP Morgan Maintains Underweight on Ashland, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas has maintained an Underweight rating on Ashland (NYSE:ASH) and lowered the price target from $94 to $87.
July 28, 2023 | 6:11 pm
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JP Morgan has maintained an Underweight rating on Ashland and lowered the price target, which could negatively impact the stock's performance.
The lowered price target by JP Morgan indicates a bearish outlook for Ashland. This could lead to a decrease in the stock's price as it suggests that the analyst believes the stock is currently overvalued. Therefore, this news is likely to have a negative impact on Ashland's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100