BMO Capital analyst John McNulty raised the firm’s price target on Ashland (ASH) to $84 from $83 and keeps a Market Perform rating on the shares. The company’s medium term forecasts called for a 12% EBITDA CAGR with an EPS CAGR of 18% through the period, and given that these growth rates are solidly higher than consensus estimates, if Ashland can deliver on the cost and growth, there could be “significant” upside for the stock, the analyst tells investors in a research note.
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