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Change in Ratings
Ashland (ASH Quote) downgraded at J.P. Morgan to Neutral from Overweight. Deal to acquire Hercules appears to be on track, but financing costs are likely higher now than when deal was announced. See significant earnings risk based on contracting demand and uncertainty regarding integration costs/savings. Price target at $20.
Cemex (CX Quote) rated new Underperform at Credit Suisse. Believes financial liquidity is a major concern and sees significant downside risk to EBITDA forecasts. Sets $7 target price. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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