Morgan Stanley Adjusts Ashland Inc. (ASH) Model Following Fiscal Q1 Results

Ashland Inc. (NYSE:ASH) is among the 9 Undervalued Chemical Stocks to Buy According to Hedge Funds.

Ashland Inc. (NYSE:ASH) is one of the best chemical stocks on our list.

On February 9, TheFly reported that Morgan Stanley increased its price target for ASH  from $60 to $63 and kept an Equal Weight rating on the shares. Following the company's fiscal first-quarter results, the firm modified, claiming that a minor decrease in FY26 EBITDA predictions was overcome by stronger peer valuations, which supported the higher target.

On the same day, Ashland Inc. (NYSE:ASH) also declared that its application for its agrimer eco-coat polymer seed coating under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) has been formally accepted by the U.S. Environmental Protection Agency (EPA). According to rule 40 CFR 180.960, the product, which is based on ASH's exclusive Transformed Vegetable Oils (TVO) technology, is now authorized for use in all food and non-food pesticide formulations.

This approval permits the eco-coat polymer to be bought, sold, and tested by U.S. growers as well as those in Latin America, Europe, and other previously authorized regions. The milestone marks a major advancement in the worldwide commercialization of ASH's sustainable crop-care products and increases prospects for cooperation with the company's clients and partners.

Ashland Inc. (NYSE:ASH) is a global specialty chemicals company providing solutions for pharmaceuticals, coatings, adhesives, and personal care. Ashland focuses on innovation and sustainability, delivering high-performance products that improve efficiency, quality, and environmental responsibility across diverse industries worldwide.

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