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Fly News Breaks for November 20, 2019
ASH
Nov 20, 2019 | 07:59 EDT
Buckingham analyst Dmitry Silversteyn lowered his price target for Ashland to $80 from $85 and maintained a Neutral rating. In a research note to investors, SIlversteyn says that while he sees incoming management's business redesign efforts to streamline costs and improve productivity, growth and margins as a longer term driver of value, lack of near-term catalysts and poor visibility on the timing of stabilization of business performance suggest a range-bound stock over the next 6-9 months.
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