Analyst Rating Update on Eastman Chemical Company (EMN)

Eastman Chemical Company (EMN) has an average broker rating of 2, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 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 5, which is also a Strong Sell. 1 considers that the stock is a Sell.

Eastman Chemical Company (EMN) : Average target price received by Eastman Chemical Company (EMN) is $76.5 with an expected standard deviation of $9.83. The most aggressive target on the stock is $96, whereas the most downbeat target is $65. 10 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


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 $64.15 and $63.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.92, notching a gain of 1.25% for the day. The total traded volume was 1,130,063 . The stock had closed at $64.12 on the previous day.

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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