Eastman Chemical price target raised to $79 from $70 at RBC Capital

RBC Capital raised the firm’s price target on Eastman Chemical (EMN) to $79 from $70 and keeps a Sector Perform rating on the shares after its Q4 results. Investors appear more bullish that commodities have potentially bottomed, but RBC thinks Eastman Chemical could see a delayed recovery given the “intermediate” nature of most of its products, the analyst tells investors in a research note.