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Fly News Breaks for June 4, 2018
ASH
Jun 4, 2018 | 08:30 EDT
Jefferies analyst Laurence Alexander raised his price target for Ashland to $95 after upping his forecast for net proceeds from the proposed divestiture to $1.4B. The analyst estimates $600M of balance sheet flexibility remains in 2021. He sees "significant" balance sheet flexibility for Ashland and keeps a Buy rating on the shares.
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