On Nov 05, major Wall Street analysts update their ratings for $Eastman Chemical (EMN.US)$, with price targets ranging from $110 to $130.
BofA Securities analyst Salvator Tiano maintains with a hold rating, and adjusts the target price from $119 to $115.
Barclays analyst Michael Leithead maintains with a hold rating, and maintains the target price at $111.
Deutsche Bank analyst David Begleiter maintains with a hold rating, and adjusts the target price from $108 to $110.
Wells Fargo analyst Michael Sison maintains with a hold rating, and adjusts the target price from $118 to $110.
Jefferies analyst Laurence Alexander maintains with a buy rating, and maintains the target price at $130.
Furthermore, according to the comprehensive report, the opinions of $Eastman Chemical (EMN.US)$'s main analysts recently are as follows:
The 'base' business of Eastman Chemical is performing largely better than anticipated, even in the face of a challenging environment looking ahead. However, the ramp-up of the Kingsport methanolysis is encountering further complications. The current valuation of the shares is considered fair when focusing on the base business, with the majority of the potential upside being contingent upon the successful implementation of its methanolysis technology at more locations.
The firm maintains an Equal Weight rating on Eastman Chemical's shares, acknowledging the potential for double-digit EPS growth by 2025. This anticipated growth is considered to be already incorporated into the current valuation. Further insights are anticipated from Eastman's Kingsport tour scheduled for November, which will likely provide more details on the upside potential of the company's circular strategy.
Here are the latest investment ratings and price targets for $Eastman Chemical (EMN.US)$ from 6 analysts:
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