Eastman Chemical price target raised to $105 from $90 at Piper Sandler

Piper Sandler raised the firm’s price target on Eastman Chemical to $105 from $90 and keeps a Neutral rating on the shares following Q1 results and updated guidance for the remainder of the year. The firm cites better-than-expected Q1 earnings and a somewhat more robust outlook for the industry and the end markets Eastman is tied to.