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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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