Wells Fargo Reaffirms Their Hold Rating on Ashland (ASH)

In a report released today, Michael Sison from Wells Fargo maintained a Hold rating on Ashland, with a price target of $53.00. The company’s shares opened today at $52.35.

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Sison covers the Basic Materials sector, focusing on stocks such as Westlake Corporation, Ashland, and Celanese. According to TipRanks, Sison has an average return of -2.0% and a 40.91% success rate on recommended stocks.

Ashland has an analyst consensus of Moderate Buy, with a price target consensus of $66.00, representing a 26.07% upside. In a report released today, Evercore ISI also maintained a Hold rating on the stock with a $62.00 price target.

Based on Ashland’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $463 million and a GAAP net loss of $742 million. In comparison, last year the company earned a revenue of $544 million and had a net profit of $6 million