Ashland shares will continue to move higher due to lower input costs and increased market recognition for its Valvoline brand, said Paul Meeks, Portfolio Manager for the Sextant Growth Fund. Meeks added that Ashland is transforming itself from a commodity company to a specialty chemical player and that will increase its margins and multiple. He is bullish on BorgWarner, saying the autoparts supplier will benefit from fuel efficiency and lower emissions trends. Finally, Meeks is positive on Delta Air, saying the airline is benefiting from lower oil and a strong U.S. economy.
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