Eastman Chemical Company (EMN) : Analyst Rating Update

Eastman Chemical Company (EMN) has an average broker rating of 2, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Eastman Chemical Company (EMN) : 10 investment research analysts covering Eastman Chemical Company (EMN) have an average price target of $80.9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $96 and the lowest target is $65 for the short term. Analysts expect the variance to be within $9.62 of the average price.

Eastman Chemical Company (NYSE:EMN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.32 and $64.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.08, notching a gain of 0.69% for the day. The total traded volume was 2,704,633 . The stock had closed at $65.63 on the previous day.

Also, Susquehanna initiates coverage on Eastman Chemical Company (NYSE:EMN). According to the latest information available, the shares are now rated Positive by the analysts at the agency. The rating by the firm was issued on July 1, 2016. The company shares have dropped -13.49% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $80.39 and the one year low was seen on Jan 29, 2016. The 50-Day Moving Average price is $71.79 and the 200 Day Moving Average price is recorded at $69.47.

Eastman Chemical Company (Eastman) is a specialty chemicals company that produces a range of advanced materials, chemicals and fibers. The Company operates through five segments: Additives & Functional Products (AFP), Adhesives & Plasticizers (A&P), Advanced Materials (AM), Fibers, and Specialty Fluids & Intermediates (SFI). The Company manufactures chemicals for products in the coatings and tires industries in transportation, building and construction, durable goods, and consumables markets in the Additives & Functional Products segment. The Companys A&P segment focuses on producing intermediate chemicals. The Companys the AM segment produces and markets specialty copolyesters, cellulose esters, interlayers. In the Fibers segment, Eastman manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers. The Companys SFI segment offers products, such as acetyl chemical intermediates, olefin derivatives, specialty fluids, and alkylamines.

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