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Ashland (ASH) Gets a Hold from Wells Fargo

Tipranks - Tipranks - Sun May 3, 11:56AM CDT

Wells Fargo analyst Michael Sison reiterated a Hold rating on Ashland yesterday and set a price target of $50.00. The company’s shares closed yesterday at $51.82.

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Sison covers the Basic Materials sector, focusing on stocks such as Albemarle, Celanese, and Dow Inc. According to TipRanks, Sison has an average return of -0.9% and a 43.66% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ashland with a $62.44 average price target.

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Based on Ashland’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $482 million and a net profit of $16 million. In comparison, last year the company earned a revenue of $479 million and had a net profit of $31 million

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