Citi lowered the firm’s price target on Eastman Chemical (EMN) to $83 from $84 and keeps a Buy rating on the shares. The firm adjusted targets in the commodity chemicals as part of a Q1 preview. Citi reiterates Celanese as its top pick given the company’s “value capture “in acetyls amid the feedstock supply shortage.
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Read More on EMN:
- Eastman Chemical upgraded to Overweight from Neutral at JPMorgan
- Eastman Chemical: Earnings Recovery, Attractive Valuation, and Cash Generation Support Buy Rating
- Eastman Chemical price target raised to $88 from $80 at UBS
- Eastman Chemical price target raised to $89 from $80 at Jefferies
- Eastman Chemical sees Q1 EPS ‘around the lower end’ of $1.00-$1.20 range