Ashland price target raised to $70 from $65 at Argus

Argus raised the firm’s price target on Ashland (ASH) to $70 from $65 and keeps a Buy rating on the shares. Ashland is a well-run company with a strong track record in its industry, and although 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. The company also has a healthy product pipeline with new innovations that will enable it to take advantage of market trends, Argus added.