Argus lowered the firm’s price target on Ashland (ASH) to $65 from $70 and keeps a Buy rating on the shares. Ashland is a well-run company with a strong track record in its industry, and while its earnings have been hurt in recent quarters by reduced demand and inflationary pressures, the firm expects conditions to improve in the quarters ahead, the analyst tells investors in a research note. Ashland also has a healthy product pipeline with multiple new innovations that will allow the company to take advantage of market trends, Argus added.
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