Ashland Global Holdings Preannounced Q4 Shortfall on Supply Chain Issues
<p>Analysts at Deutsche Bank lowered their price target on <a href='https://financialmodelingprep.com/financial-summary/ASH'>Ashland Global Holdings Inc. (NYSE:ASH) </a>to $110 from $115 on the company’s preannounced Q4 shortfall on supply chain issues.</p>
<p>Given recent preannouncements by specialty peers AXTA, ECL, IFF, PPG, SHW, Ashland's lowering of its Q4 EBITDA guidance by 11% due to supply chain challenges was not a surprise for the analysts. And similar to Q3, the continuation of these headwinds are offsetting strong demand across the company's consumer and industrial end markets. </p>
<p>However, with supply chain issues expected to continue possibly through 2022, the strong earnings growth the brokerage has been anticipating for next year will likely be lower than expected.</p>

NYSE:ASH