$ASH

5 stories mentioning ASH

Every FINWIRES story that references ASH, newest first.

Update: Market Chatter: Ashland Urged by Activist Ancora to Pursue Sale

(Update with Ancora's response to a request for comment in the final paragraph.)Ashland (ASH) was urged by activist Ancora Alternatives, which has built a significant stake in the company, to sell itself, as a deal could boost its share price by at least 30%, Reuters reported Tuesday, citing a presentation it reviewed.The hedge fund said it is prepared to launch a proxy fight at Ashland if no tangible progress is made toward reaching a deal by the time the window to nominate board members opens in September, the report said.Ancora confirmed the Reuters report, adding it had no further comment, while Ashland didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $61.83, Change: $+4.37, Percent Change: +7.61%

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Wire5d ago

Market Chatter: Ashland Urged by Activist Ancora to Pursue Sale

Ashland (ASH) was urged by activist Ancora Alternatives, which has built a significant stake in the company, to sell itself, as a deal could boost its share price by at least 30%, Reuters reported Tuesday, citing a presentation it reviewed.The hedge fund said it is prepared to launch a proxy fight at Ashland if no tangible progress is made toward reaching a deal by the time the window to nominate board members opens in September, the report said.Ashland and Ancora didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $61.84, Change: $+4.38, Percent Change: +7.61%

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Wire5d ago

Ashland Urged by Activist Ancora to Sell, Reuters Reports

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Research40d ago

Seaport Upgrades Ashland to Buy From Neutral, Sets $75 Price Target

Ashland (ASH) has an average rating of overweight and mean price target of $64.16, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Wire41d ago

Ashland's Fiscal Q2 a 'Mixed Bag' With Downward EBITDA Revisions, Morgan Stanley Says

Ashland's (ASH) fiscal Q2 results were a "mixed bag" relative to expectations as a clear end to downward revisions to earnings before interest, taxes, depreciation and amortization has not yet materialized, Morgan Stanley said in a Monday note.Fiscal Q2 volumes surpassed Morgan Stanley's expectations, which supports the case for Ashland's base business resilience and the achievability of its growth initiatives, according to the note. The company's commentary on price cost was also in line with the analysts' framework of "modest favorability" in fiscal H2, the note said.However, the company has to contend with new operational issues, such as those in its manufacturing plants in Calvert City and Hopewell, which have impacted profit by about $30 million in combined costs, the analysts said. They noted that investors will study if these headwinds are recurring or not.Ashland's guidance is weighted towards fiscal Q4 and is dependent on sustained volume momentum or price outperformance, according to the note.Morgan Stanley maintained the company's stock rating at equal-weight and lowered the price target to $58 from $63.Price: $53.17, Change: $+1.35, Percent Change: +2.61%

$ASH