By: Benzinga
J.P. Morgan Reiterates Neutral Rating, $74 PT on Ashland
In a report published Wednesday, J.P. Morgan & Co. reiterated its Neutral rating and $74.00 price target on Ashland (NYSE: ASH ). J.P. Morgan noted, “We rate ASH shares Neutral. Ashland currently trades at 8.4x EV/EBITDA for 2013 including net pension liability (or 7.0x EBITDA without pension). Our December 2013
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