Wells Fargo lowered the firm’s price target on Eastman Chemical (EMN) to $90 from $125 and keeps an Overweight rating on the shares. Given increased risks in a post tariff world, the firm recommends a more defensive position within the chemicals sector into Q1 2025 results as Wells expects cautious outlook commentary.
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Read More on EMN:
- Eastman Chemical upgraded to Outperform from Sector Perform at RBC Capital
- Eastman Chemical price target lowered to $115 from $123 at UBS
- Eastman Chemical price target lowered to $99 from $105 at Piper Sandler
- Citi upgrades Eastman on relatively better position amid tariffs
- Eastman Chemical upgraded to Buy from Neutral at Citi