RBC Capital analyst Arun Viswanathan maintains $Eastman Chemical (EMN.US)$ with a hold rating, and adjusts the target price from $100 to $105.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of -0.5% over the past year.
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 generally outperforming expectations, even in the face of a challenging environment. However, the Kingsport methanolysis project is encountering further complexities. The current valuation of the shares is considered fair when focusing on the base business, with the potential for significant appreciation contingent upon the effective implementation of its methanolysis technology at more locations.
Despite anticipating double-digit earnings per share growth by 2025 for Eastman Chemical, this growth is considered to be already factored into the current valuation. Attention is being directed towards Eastman's Kingsport event in November, which will provide further insights into the potential benefits of its circular strategy.
Note:
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