J.P. Morgan Rates Ashland As Neutral

According to J.P. Morgan, Ashland ASH raw material inflation and pricing actions were the focus of operations in Ashland's Q3:F11 (ended June). J.P. Morgan said that it rates ASH shares Neutral. “We view the stock as reasonably valued at the current price. The shares currently trade at 5.9x pro-forma 2012 EV/EBITDA.” Ashland closed on Friday at $61.24.