RBC Capital raised the firm’s price target on Eastman Chemical to $104 from $100 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. The company’s volumes should gradually recover through the year, and with good operational leverage to demand recovery, Eastman Chemica looks set up for a solid 2025, the analyst tells investors in a research note. The firm adds however that it sees the stock as “fairly valued” at its current trading levels.
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Read More on EMN:
- Eastman Chemical price target lowered to $112 from $113 at BofA
- Eastman Chemical upgraded to Buy from Hold at Jefferies
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- Eastman Chemical backs FY24 EPS view of $7.25-$8.00, consensus $7.66
- Eastman Chemical reports Q1 EPS $1.61, consensus $1.43
