Recent Downgrade Presses 1 Stock Lower

Shares of Ashland (NYSE: ASH  ) dropped more than 3% yesterday following Monday's downgrade by JPMorgan. Ashland is a specialty lubricants company, well known for its line of Valvoline motor oil products. The downgrade comes on the heels of ExxonMobil's (NYSE: XOM  ) announced plan to pump more than $200 million into a specialty chemical plant based in New Orleans. The increased production will likely contribute directly to Exxon's own line of motor oils, upping competition in a major way for Ashland's Valvoline products. analyst Taylor Muckerman covers the full story in the video segment above.

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Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of ExxonMobil. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Taylor Muckerman

Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.

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Related Tickers

5/4/2016 4:02 PM
ASH $111.04 Down -0.97 -0.87%
Ashland, Inc. CAPS Rating: *****
XOM $87.94 Down -0.17 -0.19%
ExxonMobil Corp CAPS Rating: ****