Citi raised the firm’s price target on Eastman Chemical (EMN) to $84 from $78 and keeps a Buy rating on the shares. The firm moved up its commodity chemical forecasts significantly with the Iran conflict and closure of the Strait of Hormuz impacting capacity and shipments.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EMN:
- Eastman Chemical Issues $600 Million Senior Notes Offering
- Eastman Chemical price target raised to $75 from $70 at Evercore ISI
- Improving Fundamentals and Circularity Initiatives Underpin Buy Rating on Eastman Chemical
- Eastman Chemical price target raised to $79 from $70 at RBC Capital
- Eastman Chemical price target raised to $78 from $75 at Citi