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Recommendations
Ashland price target raised to $106 from $80 at BMO Capital » 06:55
08/05/20
08/05
06:55
08/05/20
06:55
ASH

Ashland

$77.18 /

+0.21 (+0.27%)

BMO Capital analyst John…

BMO Capital analyst John McNulty raised the firm's price target on Ashland to $106 from $80 and keeps an Outperform rating on the shares. In Q3, cost cutting helped to drive a solid beat as top-line growth has begun to fill in some of the past pockets left by lost business, said McNulty, who expects both cost cutting and growth to continue to accelerate over the next 12 months and drive above consensus earnings growth.

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ASH Ashland
$77.18 /

+0.21 (+0.27%)

ASH Ashland
$77.18 /

+0.21 (+0.27%)

07/30/20 Wells Fargo
Ashland price target raised to $90 from $85 at Wells Fargo
07/30/20 Monness Crespi
Ashland price target raised to $88 from $80 at Monness Crespi
07/20/20 Deutsche Bank
Ashland price target raised to $85 from $70 at Deutsche Bank
06/24/20 Wells Fargo
Ashland price target raised to $80 from $75 at Wells Fargo
ASH Ashland
$77.18 /

+0.21 (+0.27%)

ASH Ashland
$77.18 /

+0.21 (+0.27%)

Recommendations
Ashland price target raised to $90 from $85 at Wells Fargo » 08:55
07/30/20
07/30
08:55
07/30/20
08:55
ASH

Ashland

$77.76 /

-0.73 (-0.93%)

Wells Fargo analyst…

Wells Fargo analyst Michael Sison raised the firm's price target on Ashland to $90 from $85 following quarterly results, while keeping an Overweight rating on the shares. The analyst believes that the transformation of Ashland into the premiere specialty chemical company is well underway. He is encouraged by the progress made so far, starting with the restructuring of the business segments earlier this fiscal year which he does expect will yield significant margin improvement and profitability growth once complete.

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ASH Ashland
$77.76 /

-0.73 (-0.93%)

ASH Ashland
$77.76 /

-0.73 (-0.93%)

07/30/20 Monness Crespi
Ashland price target raised to $88 from $80 at Monness Crespi
07/20/20 Deutsche Bank
Ashland price target raised to $85 from $70 at Deutsche Bank
06/24/20 Wells Fargo
Ashland price target raised to $80 from $75 at Wells Fargo
05/08/20 Wells Fargo
Ashland price target raised to $70 from $55 at Wells Fargo
ASH Ashland
$77.76 /

-0.73 (-0.93%)

ASH Ashland
$77.76 /

-0.73 (-0.93%)

Recommendations
Ashland price target raised to $88 from $80 at Monness Crespi » 08:52
07/30/20
07/30
08:52
07/30/20
08:52
ASH

Ashland

$77.76 /

-0.73 (-0.93%)

Monness Crespi analyst…

Monness Crespi analyst Chris Shaw raised the firm's price target on Ashland to $88 from $80 and keeps a Buy rating on the shares following the company's "strong" Q3 results. Changes the new CEO promised are coming to fruition, partly evidenced by the much higher than expected profits and margins in Q3, Shaw tells investors in a research note. The analyst believes Ashland's 2021 growth "has an even better chance now of surprising to the upside."

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ASH Ashland
$77.76 /

-0.73 (-0.93%)

ASH Ashland
$77.76 /

-0.73 (-0.93%)

07/20/20 Deutsche Bank
Ashland price target raised to $85 from $70 at Deutsche Bank
06/24/20 Wells Fargo
Ashland price target raised to $80 from $75 at Wells Fargo
05/08/20 Wells Fargo
Ashland price target raised to $70 from $55 at Wells Fargo
05/07/20
Fly Intel: Top five analyst upgrades
ASH Ashland
$77.76 /

-0.73 (-0.93%)

ASH Ashland
$77.76 /

-0.73 (-0.93%)

Hot Stocks
Ashland to sell maleic anhydride facility for $100M » 06:55
07/27/20
07/27
06:55
07/27/20
06:55
ASH

Ashland

$77.77 /

-0.405 (-0.52%)

Ashland Global Holdings…

Ashland Global Holdings announced a definitive agreement to sell the company's maleic anhydride business and manufacturing facility in Neal, West Virginia to AOC Materials, for $100M. Maleic anhydride is manufactured industrially on a large scale for applications in coatings and polymers. The maleic anhydride business was previously excluded from the sale of Ashland's Composites business and the butanediol manufacturing facility in Marl, Germany, to INEOS Enterprises. The transaction with AOC is expected to close prior to the end of calendar year 2020, contingent on customary regulatory approvals and standard closing conditions. Citi is acting as financial advisor to Ashland, and Squire Patton Boggs is acting as legal advisor.

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ASH Ashland
$77.77 /

-0.405 (-0.52%)

ASH Ashland
$77.77 /

-0.405 (-0.52%)

07/20/20 Deutsche Bank
Ashland price target raised to $85 from $70 at Deutsche Bank
06/24/20 Wells Fargo
Ashland price target raised to $80 from $75 at Wells Fargo
05/08/20 Wells Fargo
Ashland price target raised to $70 from $55 at Wells Fargo
05/07/20
Fly Intel: Top five analyst upgrades
ASH Ashland
$77.77 /

-0.405 (-0.52%)

ASH Ashland
$77.77 /

-0.405 (-0.52%)

Recommendations
Ashland price target raised to $85 from $70 at Deutsche Bank » 08:03
07/20/20
07/20
08:03
07/20/20
08:03
ASH

Ashland

$76.47 /

+4.41 (+6.12%)

Deutsche Bank analyst…

Deutsche Bank analyst David Begleiter raised the firm's price target on Ashland to $85 from $70 and keeps a Buy rating on the shares after the company preannounced Q3 upside. The news provides further evidence that the business model, strategy and organizational changes CEO Guillermo has put in place are working and that its portfolio is more resilient than perceived with 60% of sales to consumer facing markets, Begleiter tells investors in a research note.

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ASH Ashland
$76.47 /

+4.41 (+6.12%)

ASH Ashland
$76.47 /

+4.41 (+6.12%)

06/24/20 Wells Fargo
Ashland price target raised to $80 from $75 at Wells Fargo
05/08/20 Wells Fargo
Ashland price target raised to $70 from $55 at Wells Fargo
05/07/20
Fly Intel: Top five analyst upgrades
05/07/20 Deutsche Bank
Ashland price target raised to $70 from $65 at Deutsche Bank
ASH Ashland
$76.47 /

+4.41 (+6.12%)

ASH Ashland
$76.47 /

+4.41 (+6.12%)

Hot Stocks
Ashland CEO says 'consumer business units performed particularly well' in Q3 » 06:47
07/17/20
07/17
06:47
07/17/20
06:47
ASH

Ashland

$72.06 /

-0.68 (-0.93%)

"Ashland's…

"Ashland's financial results in the third quarter demonstrate the strength of our specialty materials portfolio and the importance of the actions we are taking internally," said Guillermo Novo, chairman and CEO officer, Ashland. "Our priorities continue to be the health and safety of our employees and the continued supply of products to customers in the critical industries which we serve. Our consumer business units performed particularly well as we experienced significantly stronger demand for pharmaceutical excipients, biofunctional ingredients and additives for hand sanitizers. While our industrial businesses felt the impact of reduced global demand during April and May, the teams began to see signs of improving demand trends in June." "Our internal actions are also driving improvements to our cost structure and profitability," continued Novo. "The combined benefit of cost reductions, improved product mix and lower raw-material costs yielded Adjusted EBITDA growth of 2 percent during the quarter. Our cost-reduction plans for the year remain on track, and we plan to take $20 million to $30 million of the previously-disclosed inventory-control actions during the fiscal-fourth quarter. I am confident that these continued internal actions mean we are well positioned for the upcoming fiscal year. I look forward to discussing our results in more detail on the upcoming call with securities analysts."

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ASH Ashland
$72.06 /

-0.68 (-0.93%)

ASH Ashland
$72.06 /

-0.68 (-0.93%)

06/24/20 Wells Fargo
Ashland price target raised to $80 from $75 at Wells Fargo
05/08/20 Wells Fargo
Ashland price target raised to $70 from $55 at Wells Fargo
05/07/20
Fly Intel: Top five analyst upgrades
05/07/20 Deutsche Bank
Ashland price target raised to $70 from $65 at Deutsche Bank
ASH Ashland
$72.06 /

-0.68 (-0.93%)

ASH Ashland
$72.06 /

-0.68 (-0.93%)

Earnings
Ashland sees Q3 adjusted cont ops EPS approximately 84c, consensus 57c » 06:46
07/17/20
07/17
06:46
07/17/20
06:46
ASH

Ashland

$72.06 /

-0.68 (-0.93%)

Sees Q3 revenue…

Sees Q3 revenue approximately $574M, consensus $562.95M. Ashland's adjusted EBITDA is expected to be approximately $143M.

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ASH Ashland
$72.06 /

-0.68 (-0.93%)

ASH Ashland
$72.06 /

-0.68 (-0.93%)

06/24/20 Wells Fargo
Ashland price target raised to $80 from $75 at Wells Fargo
05/08/20 Wells Fargo
Ashland price target raised to $70 from $55 at Wells Fargo
05/07/20
Fly Intel: Top five analyst upgrades
05/07/20 Deutsche Bank
Ashland price target raised to $70 from $65 at Deutsche Bank
ASH Ashland
$72.06 /

-0.68 (-0.93%)

ASH Ashland
$72.06 /

-0.68 (-0.93%)

Over a month ago
Recommendations
Ashland price target raised to $80 from $75 at Wells Fargo » 08:36
06/24/20
06/24
08:36
06/24/20
08:36
ASH

Ashland

$68.02 /

-0.42 (-0.61%)

Wells Fargo analyst…

Wells Fargo analyst Michael Sison raised the firm's price target on Ashland to $80 from $75 and keeps an Overweight rating on the shares. The analyst believes the strategic shift to a more ROIC focused company to drive relative outperformance is well underway, Q3 is shaping up as expected and there are several levers to ensure growth in fiscal year 2021. With the recent restructuring of the business units to optimize the cost structure and focused on growing niche markets previously under targeted, Sison expects improved margins and earnings growth over the next few years, which should reach full efficacy once utilization and growth rates improve in 2021.

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ASH Ashland
$68.02 /

-0.42 (-0.61%)

ASH Ashland
$68.02 /

-0.42 (-0.61%)

05/08/20 Wells Fargo
Ashland price target raised to $70 from $55 at Wells Fargo
05/07/20
Fly Intel: Top five analyst upgrades
05/07/20 Deutsche Bank
Ashland price target raised to $70 from $65 at Deutsche Bank
05/07/20 JPMorgan
Ashland upgraded to Neutral from Underweight on valuaton at JPMorgan
ASH Ashland
$68.02 /

-0.42 (-0.61%)

ASH Ashland
$68.02 /

-0.42 (-0.61%)

Over a quarter ago
Recommendations
Ashland price target raised to $70 from $55 at Wells Fargo » 06:32
05/08/20
05/08
06:32
05/08/20
06:32
ASH

Ashland

$59.99 /

+0.84 (+1.42%)

Wells Fargo analyst…

Wells Fargo analyst Michael Sison raised the firm's price target on Ashland to $70 from $55 and keeps an Overweight rating on the shares following the company's Q2 results. Sison says Q2 marks the first quarter where Ashland's new business structure can be seen in effect, which provides enhanced transparency into the core operating segments driving growth.

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ASH Ashland
$59.99 /

+0.84 (+1.42%)

05/07/20
Fly Intel: Top five analyst upgrades
05/07/20 Deutsche Bank
Ashland price target raised to $70 from $65 at Deutsche Bank
05/07/20 JPMorgan
Ashland upgraded to Neutral from Underweight on valuaton at JPMorgan
05/07/20 JPMorgan
Ashland upgraded to Neutral from Underweight at JPMorgan
Upgrade
Fly Intel: Top five analyst upgrades » 10:06
05/07/20
05/07
10:06
05/07/20
10:06
GM

General Motors

$22.40 /

+0.505 (+2.31%)

, OXY

Occidental Petroleum

$14.21 /

+0.81 (+6.04%)

, CAI

CAI International

$17.25 /

+2.26 (+15.08%)

, ASH

Ashland

$60.72 /

+1.57 (+2.65%)

, TPR

Tapestry

$14.70 /

+0.63 (+4.48%)

, BURBY

Burberry

$0.00 /

+ (+0.00%)

Catch up on today's…

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Buy from Hold at Deutsche Bank with analyst Emmanuel Rosner saying GM's "strong" Q1 performance and forward-looking outlook demonstrate the benefit from its proactive actions to transform the business, right size its costs and boost profitability. 2. Occidental Petroleum (OXY) upgraded to Hold from Sell at SunTrust with analyst Neal Dingmann saying the company has remained "steadfast" in improving its already solid operations by decreasing "base decline" and reducing costs, he sees its "best course" as tackling the $17B due through 2025 with tranches of a secured deal that could be done at less than 9% interest rate. 3. CAI International (CAI) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Michael Brown saying the stock current valuation is attractive on CAI remaining a standalone company or in an acquisition. 4. Ashland (ASH) upgraded to Neutral from Underweight at JPMorgan with analyst Jeffrey Zekauskas uciting valuation. 5. Tapestry (TPR) and Burberry (BURBY) upgraded to Buy from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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GM General Motors
$22.40 /

+0.505 (+2.31%)

05/07/20 Deutsche Bank
Deutsche Bank upgrades GM back to Buy one month after downgrade
05/07/20 Deutsche Bank
General Motors upgraded to Buy from Hold at Deutsche Bank
05/06/20 Morgan Stanley
Morgan Stanley says GM profit 'far above' expectations, liquidity 'very strong'
04/27/20 Morgan Stanley
General Motors stopping cash return 'an early buy signal,' says Morgan Stanley
OXY Occidental Petroleum
$14.21 /

+0.81 (+6.04%)

05/07/20 Truist
Occidental Petroleum upgraded to Hold from Sell at SunTrust
05/06/20 Truist
Occidental Petroleum upgraded to Hold from Sell at SunTrust
05/05/20 Mizuho
Western Midstream price target lowered to $12 from $23 at Mizuho
05/04/20 Tudor Pickering
Occidental Petroleum downgraded to Sell from Hold at Tudor Pickering
CAI CAI International
$17.25 /

+2.26 (+15.08%)

05/06/20 Keefe Bruyette
CAI International upgraded to Outperform from Market Perform at Keefe Bruyette
12/16/19 William Blair
CAI International worth at least $33 per share, says William Blair
11/05/19 Cowen
CAI International downgraded to Market Perform at Cowen
11/05/19 Cowen
CAI International downgraded to Market Perform from Outperform at Cowen
ASH Ashland
$60.72 /

+1.57 (+2.65%)

05/07/20 Deutsche Bank
Ashland price target raised to $70 from $65 at Deutsche Bank
05/07/20 JPMorgan
Ashland upgraded to Neutral from Underweight on valuaton at JPMorgan
05/07/20 JPMorgan
Ashland upgraded to Neutral from Underweight at JPMorgan
04/13/20 BMO Capital
Ashland upgraded to Outperform from Market Perform at BMO Capital
TPR Tapestry
$14.70 /

+0.63 (+4.48%)

05/07/20 HSBC
Tapestry upgraded to Buy from Hold at HSBC
05/07/20 HSBC
Tapestry upgraded to Buy from Hold at HSBC
04/28/20 BTIG
Tapestry initiated with a Neutral at BTIG
04/28/20 MKM Partners
Tapestry price target lowered to $16 from $29 at MKM Partners
BURBY Burberry
$0.00 /

+ (+0.00%)

05/07/20 HSBC
Burberry upgraded to Buy from Hold at HSBC
05/07/20 HSBC
Burberry upgraded to Buy from Hold at HSBC
03/30/20 Goldman Sachs
Burberry price target lowered to 1,776 GBp from 2,088 GBp at Goldman Sachs
03/12/20 Deutsche Bank
Burberry price target lowered to 1950 GBp from 1990 GBp at Deutsche Bank

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