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Barron's: Ashland deserves more credit for its specialty business

  • The market hasn't given Ashland (ASH) credit for its transformation into a more focused chemicals producer with diverse end markets and greater earnings power, Barron's writes, believing the discounted valuation creates opportunity for investors.
  • ASH's Valvoline motor oils division, a business with high growth and return on capital, is an area where the company has pricing power to offset input costs, some analysts say.
  • It's no secret ASH hasn't finished with its transformation yet; a sale of its water technologies division could fetch $1.3B-$1.4B.
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