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Seaport Global Remains a Buy on Ashland (ASH)

Tipranks - Tipranks - Tue May 12, 5:00AM CDT

In a report released yesterday, Michael Harrison CFA from Seaport Global maintained a Buy rating on Ashland, with a price target of $75.00.

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According to TipRanks, Harrison CFA is a 3-star analyst with an average return of 2.8% and a 56.12% success rate. Harrison CFA covers the Basic Materials sector, focusing on stocks such as Ashland, Element Solutions, and Ecolab.

In addition to Seaport Global, Ashland also received a Buy from BMO Capital’s John McNulty in a report issued on May 1. However, on May 4, Morgan Stanley maintained a Hold rating on Ashland (NYSE: ASH).

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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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