Eastman Chemical price target lowered to $70 from $75 at Evercore ISI

Evercore ISI lowered the firm’s price target on Eastman Chemical (EMN) to $70 from $75 and keeps an In Line rating on the shares. Q3 marked a shift from earnings-driven moves among chemicals companies, with two-thirds of about 20 chemical names rallying 6% on average post-results, despite half guiding below expectations for Q4 and negative revisions averaging 12%, the analyst tells investors in an earnings recap note for the group.