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Wells Fargo Sticks to Its Hold Rating for Ashland (ASH)
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 $57.31.
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Sison covers the Basic Materials sector, focusing on stocks such as Albemarle, Celanese, and Corteva. According to TipRanks, Sison has an average return of -1.0% and a 42.46% success rate on recommended stocks.
Ashland has an analyst consensus of Strong Buy, with a price target consensus of $62.13.
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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