Wells Fargo Sticks to Their Hold Rating for Ashland (ASH)
In a report released today, Michael Sison from Wells Fargo maintained a Hold rating on Ashland, with a price target of $60.00.
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According to TipRanks, Sison is an analyst with an average return of -2.8% and a 39.05% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Air Products and Chemicals, and Albemarle.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ashland with a $62.80 average price target.
Based on Ashland’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $478 million and a net profit of $32 million. In comparison, last year the company earned a revenue of $522 million and had a net profit of $16 million
