-
Jefferies & Company Reports on Ashland
Wednesday, June 1, 2011 - 7:32am | 160Jefferies & Company commented on Ashland (NYSE: ASH) in a report released today. In the report, Jefferies was positive in its assessment of the company. Jefferies writes, "Ashland plans to acquire International Specialty Products (ISP), a global chemical manufacturer of functional ingredients...
-
Benzinga's Top Downgrades
Wednesday, June 1, 2011 - 7:08am | 137Analysts at FBR Capital downgraded Ashford Hospitality Trust Inc (NYSE: AHT) from “outperform” to “market perform.” AHT's shares closed at $14.27 yesterday. AHT's trailing-twelve-month ROE is -3.84%. Analysts at Goldman Sachs downgraded HJ Heinz Company (NYSE: HNZ) from “neutral” to “sell.” HNZ's...
-
Deutsche Bank Positive On Ashland Acquisition
Wednesday, June 1, 2011 - 6:48am | 205Deutsche Bank is out with a research note on Ashland (NYSE: ASH) after the company announced a purchase of ISP. It has a Hold rating and a $75 price target on shares. In a note to clients, Deutsche Bank writes, "With leading market positions, a broad global footprint and the ability to leverage...
-
J.P. Morgan Downgrading Ashland Inc.
Wednesday, June 1, 2011 - 6:33am | 92J.P. Morgan Chase & Co. is downgrading Ashland Inc. (NYSE: ASH) to Neutral from Ovweweight, and it has a $70 price target on shares. In a note to clients, J.P. Morgan writes, "We are reducing our investment rating for Ashland from Overweight to Neutral because the shares now, at a price of $68...
-
JP Morgan Downgrades Ashland To Neutral, $70 PT
Wednesday, June 1, 2011 - 5:03am | 24JP Morgan has downgraded Ashland (NYSE: ASH) from Overweight to Neutral and maintains its $70 price target.
-
Deutsche Bank Raises PT On Ashland To $75
Wednesday, June 1, 2011 - 5:02am | 26Deutsche Bank has raised the price target on Ashland (NYSE: ASH) from $68 to $75 and maintains its Hold rating.
-
UPDATE: Ashland Up Over 11% After M&A Announcement
Tuesday, May 31, 2011 - 12:42pm | 39Ashland (NYSE: ASH) trading over 11% higher today after the company announced it will acquire International Specialty Products for $3.2B.
-
Market Roundup
Tuesday, May 31, 2011 - 9:46am | 292Shares of Ashland Inc (NYSE: ASH) jumped about 10% after the company announced its plans to buy specialty chemical maker International Specialty Products Inc for around $3.2 billion in cash. The deal is expected to close before the end of the fourth quarter and is likely to be immediately accretive...
-
News Summary for May 31, 2011
Tuesday, May 31, 2011 - 7:23am | 400This is your morning news summary and trader's outlook from Benzinga for Tuesday, May 31, 2011, covering the Memorial Day weekend and Tuesday's pre-market session. Stock index futures are trading slightly higher this morning as traders await home prices data and consumer confidence reports. Higher...
-
A Peek Into The Market Before The Trading Starts
Tuesday, May 31, 2011 - 6:34am | 380Pre-open movers US stock futures are higher this morning after the Memorial Day holiday. Futures on the Dow Jones Industrial Average jumped 106 points to 12,534.00 and futures on the S&P 500 stock index rose 12.30 points to 1,342.30. Nasdaq 100 futures gained 23.50 points to 2,356.00. A Peek...
-
Ashland To Acquire International Specialty Products For $3.2B
Tuesday, May 31, 2011 - 5:38am | 157Ashland Inc (NYSE: ASH) announced its plans to buy specialty chemical maker International Specialty Products Inc for around $3.2 billion in cash. The deal is expected to close before the end of the fourth quarter and is likely to be immediately accretive to Ashland's earnings per share. Ashland...
-
UPDATE: Goldman Sachs Reinstates E.I. duPont de Nemours at Neutral
Friday, May 27, 2011 - 6:19am | 74Goldman Sachs is out with its report today on E.I. duPont de Nemours (NYSE: DD), reinstating DD at Neutral. In a note to clients, Goldman Sachs writes, "We have removed the NR designation from DD shares. We have a Neutral rating on DD with a 12-month price target of $63, or 14X our 2012 EPS...
-
Tomorrow's Pre-Market Data Release 05-25-2011
Wednesday, May 25, 2011 - 5:39pm | 920Cusick's Corner The market stayed...constructive but still not able to garner momentum to the upside. The bulls by no means are out of the woods, but the market is setting up for a potential pop, that's if the data that comes out pre-market tomorrow, Personal Income and Spending, does not raise...
-
PPG Chairman Says Company Expects to Deploy $750M to $1.5B of Cash in the Final Quarters of 2011
Wednesday, May 25, 2011 - 12:32pm | 246PPG Industries (NYSE: PPG) Chairman and CEO Charles E. Bunch today reviewed the company's progress on its strategic initiatives at the Goldman Sachs Basic Materials Conference. Bunch highlighted PPG's progress over the past decade to transform itself into a leading global coatings and specialty...
-
Morning Market Movers
Wednesday, May 25, 2011 - 8:53am | 121Quantum Fuel Systems Technologies Worldwide Inc (NASDAQ: QTWW) shares advanced 40.41% to $5.42 at 9:50 am. QTWW received a fleet contract from Dow Chemical Company (NYSE: DOW). Martha Stewart Living Omnimedia Inc (NYSE: MSO) shares surged 19.63% to $4.51. MSO appointed Lisa Gersh as the company's...