Wells Fargo Upgrades Ashland to Overweight, Raises Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Sison upgraded Ashland (NYSE:ASH) from Equal-Weight to Overweight and increased the price target from $100 to $112.

April 11, 2024 | 1:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ashland's stock rating was upgraded by Wells Fargo from Equal-Weight to Overweight, with the price target raised from $100 to $112.
The upgrade to Overweight by a major financial institution like Wells Fargo, accompanied by a significant increase in the price target, is a strong positive signal to the market. This typically leads to increased investor confidence and can drive the stock price up in the short term as market participants adjust their positions based on the new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100