Eastman Chemical upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital upgraded Eastman Chemical (EMN) to Outperform from Sector Perform with a price target of $91, down from $103. The company could see headwinds from tariffs and potentially weaker durables, but likely less than peers as Eastman is not a major plastics exporter, the analyst tells investors in a research note. Even after downward estimate revisions, the firm believes Eastman is trading “below a reasonable valuation.”