BMO Capital analyst John McNulty raised the firm’s price target on Ashland (ASH) to $61 from $60 and keeps a Market Perform rating on the shares after the firm’s recent talks with the management team on the company’s current trends, near-term growth opportunities, and thoughts on some longer-term innovation trends. Risk/reward is skewing more positively as many headwinds faced by the company over the past three years seem behind Ashland, the analyst tells investors in a research note.
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