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UPDATE: Jefferies Upgrades Ashland As Oil Volatility Increases

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Courtesy of Benzinga.

Related ASH
UPDATE: Jefferies Upgrades Ashland
Stocks Hitting 52-Week Highs

In a report published Monday, Jefferies analyst Laurence Alexander upgraded the rating on Ashland (NYSE: ASH) from Hold to Buy, and raised the price target from $123.00 to $147.00.

In the report, Jefferies noted, “The recent downdraft in oil prices implies a flatter petrochemical cost curve, less demand for NGVs, a downshift in energy infrastructure capex, and a margin tailwind for downstream chemicals. Tilt towards the consumer, away from the cracker, and stay wary of whipsaws in soy (biodiesel) and corn (ethanol).”

Ashland closed on Friday at $114.05.

Latest Ratings for ASH

Date Firm Action From To
Dec 2014 Jefferies Upgrades Hold Buy
Nov 2014 Monness Crespi Hardt Maintains Buy
Aug 2014 UBS Initiates Coverage on Buy

View More Analyst Ratings for ASH
View the Latest Analyst Ratings

Posted-In: Jefferies Laurence AlexanderAnalyst Color Upgrades Analyst Ratings

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