BofA lowered the firm’s price target on Eastman Chemical (EMN) to $93 from $97 and keeps a Buy rating on the shares. The stock sold off by 6% on Friday following soft Q2 guidance and concerns about the impact of tariffs and while the firm shares the concern about tariffs and the uncertainty surrounding the potential impact in the second half if current levies remain in place, it still views Eastman as “the most defensive company within commodity chemicals,” the analyst tells investors.
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- Eastman Chemical: Buy Rating Affirmed Amid Strong Financial Resilience and Attractive Risk/Reward Profile
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- Eastman Chemical: Defensive Strength and Growth Potential Amid Tariff Concerns and Project Risks
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