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Fly News Breaks for June 14, 2019
ASH
Jun 14, 2019 | 06:25 EDT
JPMorgan analyst Jeffrey Zekauskas downgraded Ashland Global Holdings to Neutral from Overweight with an unchanged price target of $82. The analyst cites valuation for the downgrade the stock trading just below his December 2019 price target. He estimates Ashland's free cash flow yield at about 3.4% for fiscal 2019 and between 5.5% and 6.0% for fiscal 2020.
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