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Ashland Shares Jump On Street Optimism, Upgrade

Stock quotes in this article: ASH  

ERNEST SCHEYDER

NEW YORK (AP) — Shares of Ashland Inc. jumped Wednesday as Wall Street became increasingly convinced the chemicals maker can rebound from the recession and as an analyst boosted his rating.

The stock rose $2.86, or 12.4 percent, to $25.90 in morning trading. Shares have traded between $5.35 and $58.58 in the past 52 weeks.

Investors had punished the company's stock after the $3.3 billion buyout of Hercules Inc. last November loaded Ashland's balance sheet with debt. ...

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