JP Morgan Maintains Underweight on Ashland, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekauskas has maintained an Underweight rating on Ashland (NYSE:ASH) while raising the price target from $70 to $88.

February 01, 2024 | 2:20 pm
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JP Morgan has maintained an Underweight rating on Ashland but increased the price target from $70 to $88.
While the Underweight rating suggests skepticism about Ashland's stock performance, the increase in price target from $70 to $88 indicates a positive adjustment in valuation expectations. This mixed signal could lead to neutral short-term price movement as investors weigh the unchanged rating against the higher price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100