BMO Capital lowered the firm’s price target on Ashland (ASH) to $83 from $92 and keeps a Market Perform rating on the shares. Following a “tough” 2024, the company faces a 2025 outlook of “recovery mixed with uncertainty” as the management tries to counter its struggling end-market demand and rising competitive dynamics, the analyst tells investors in a research note. Ashland’s new self-help actions and a conservative guide to FY25 should stabilize the stock, but execution and a recovery in the end markets will be paramount in driving the stock’s investment thesis and a higher multiple, BMO added.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASH:
- Ashland Global Holdings Reports Modest Growth Amid Portfolio Changes
- Ashland Sees Q4 Sales Increase Amid Strategic Changes
- Ashland reports Q4 adjusted EPS $1.26, consensus $1.28
- Ashland sees FY25 sales in the range of $1.9B-$2.05B, consensus $2.12B
- Ashland Global Holdings, Inc. (ASH) Q4 Earnings Cheat Sheet