Eastman Chemical price target raised to $95 from $80 at Wells Fargo

Wells Fargo analyst Michael Sison raised the price target on Eastman Chemical to $95 from $80 and keeps an Equal Weight rating on the shares. While Eastman Chemical’s buildout of its circularity footprint remains on track, the firm expects shares to be driven more by near-term results, where Q1 guidance was weak and the full year guidance looks challenging.