Ashland price target lowered to $60 from $77 at BMO Capital

BMO Capital lowered the firm’s price target on Ashland (ASH) to $60 from $77 and keeps a Market Perform rating on the shares. The company’s Q2 EPS came in below consensus as weakness in I&S and competitive pressures in Spec Ads drove the earnings miss, the analyst tells investors in a research note. Ashland ‘s commentary around tariff exposure should calm some concerns about their cross-border sales, but another cut to the FY25 EBITDA guide to below consensus estimates will likely disappoint, BMO added.