Eastman Chemical price target lowered to $85 from $108 at Barclays

Barclays analyst Michael Leithead lowered the firm’s price target on Eastman Chemical (EMN) to $85 from $108 and keeps an Equal Weight rating on the shares following the Q1 report. An earnings reset from tariff exposure, lower methanolysis revenue, and Fibers destocking will “likely put a near-term pause on an equity story that we think had been growing in investor interest,” the analyst tells investors in a research note.