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RBC Capital Maintains Eastman Chemical(EMN.US) With Hold Rating, Raises Target Price to $105

Futu News ·  Nov 6 20:31  · Ratings

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.

AnalystRecentRatingAutoNews_201779_20241105_872082457e62f944f2927ac8e0d4fb5913a8303b_1730896215338105_nn_en

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:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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