Eastman Chemical Company (EMN) : Zacks Investment Research ranks Eastman Chemical Company (EMN) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2, which indicates as a Buy.
Eastman Chemical Company (EMN) : The highest level Eastman Chemical Company (EMN) is projected to reach is $88 for the short term and the lowest estimate is at $65. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $74.9 and the possibility the share price can swing is $7.28.
Also, Citigroup downgrades its view on Eastman Chemical Company (NYSE:EMN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Citigroup lowers the price target from $74 per share to $73 per share on Eastman Chemical Company. The rating by the firm was issued on September 7, 2016.
Eastman Chemical Company (NYSE:EMN): After opening at $64.01, the stock dipped to an intraday low of $63.9 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $64.83 and the buying power remained strong till the end. The stock closed at $64.74 for the day, a gain of 1.24% for the day session. The total traded volume was 2,882,711. The stocks close on the previous trading day was $63.95.
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.