Shares of Ashland Inc. (NYSE:ASH – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . Wolfe Research reaffirmed an “outperform” rating on shares of Ashland in a research note on Monday. Morgan Stanley set a $58.00 price objective on Ashland in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Ashland from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Institutional investors and hedge funds own 93.95% of the company’s stock.