Deutsche Bank Maintains Eastman Chemical Company to Buy with Price Target $75.00

Brokerage firm Deutsche Bank Maintains its rating on Eastman Chemical Company(NYSE:EMN). In a research note issued to the investors, the brokerage major Lowers the price-target to $75.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 1, 2016.

In a different note, On Aug 1, 2016, Citigroup said it Maintains its rating on Eastman Chemical Company. In the research note, the firm Raises the price-target to $86.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, UBS said it Maintains its rating on Eastman Chemical Company. In the research note, the firm Lowers the price-target to $86.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Nomura said it Maintains its rating on Eastman Chemical Company. In the research note, the firm Lowers the price-target to $83.00 per share. The shares have been rated ‘Buy’ by the firm.

Eastman Chemical Company (EMN) made into the market gainers list on Mondays trading session with the shares advancing 0.29% or 0.19 points. Due to strong positive momentum, the stock ended at $65.56, which is also near the day’s high of $66.19. The stock began the session at $65.55 and the volume stood at 9,49,740 shares. The 52-week high of the shares is $79.81 and the 52 week low is $56.03. The company has a current market capitalization of $9,684 M and it has 14,77,11,990 shares in outstanding.

Eastman Chemical Company(EMN) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.30B. Analysts had an estimated revenue of $2.36B. Earnings per share were $1.68. Analysts had estimated an EPS of $1.73.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Mark J Costa (Chief Executive Officer) sold 38,400 shares at $75.21 per share price.Also, On May 6, 2016, Scott V. King (CAO & Controller) sold 12,000 shares at $75.47 per share price.On Feb 26, 2016, Ronald Carter Lindsay (Chief Operating Officer) sold 55,000 shares at $64.33 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s A&P segment focuses on producing intermediate chemicals. The Company’s 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 Company’s SFI segment offers products such as acetyl chemical intermediates olefin derivatives specialty fluids and alkylamines.

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