Deutsche Bank Reiterates Buy on Ashland

Deutsche Bank is out with its report today on Ashland ASH, reiterating Buy. In its report, Deutsche Bank writes, "With Ashland the most levered US chemical company to lower oil prices, crude oil down ~11% QTD and valuation attractive at 8.3x '12E EPS vs specialty chemical peers at 9.8x, we reiterate our Buy rating." Deutsche Bank maintains a $75 PT on ASH. Shares of ASH closed Monday at $46.40, down 2.30% from Friday's close.