Citigroup initiated coverage on Eastman Chemical with a new price target
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Citigroup initiated coverage of Eastman Chemical with a rating of Buy and set a new price target of $91.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $114.00 → $119.00 | Buy → Neutral | BofA Securities |
| 5/23/2024 | $106.00 → $128.00 | Neutral → Buy | UBS |
| 4/29/2024 | $102.00 → $125.00 | Hold → Buy | Jefferies |
| 2/15/2024 | $110.00 | Buy | Redburn Atlantic |
| 11/2/2023 | $91.00 → $81.00 | Buy → Neutral | UBS |
| 10/30/2023 | $90.00 | Neutral → Overweight | JP Morgan |
| 8/1/2023 | $96.00 | Overweight → Neutral | Piper Sandler |
| 6/14/2023 | $91.00 | Buy | Citigroup |
Eastman Chemical Company (NYSE:EMN) hosted investors and analysts at its headquarters in Kingsport for its 2024 Circular Economy Deep Dive. During the event, attendees toured Eastman's methanolysis operations and learned more about the company's innovative and sustainable materials. Following the tour, executives provided an update on Eastman's innovation-driven growth strategy, including financial projections for its circular economy initiatives. Eastman's Board Chair and Chief Executive Officer Mark Costa kicked off the event by reiterating the company's unwavering commitment to its innovation-driven growth model. "Our key strategic themes remain unchanged since 2021," said Costa. "We h
Eastman Chemical Company (NYSE:EMN) announced its third-quarter 2024 financial results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031853691/en/ Strong year-over-year sales volume/mix growth with improvement in all operating segments Adjusted EBIT margin increased 360 basis points compared to last year through volume/mix growth, operating leverage, and commercial excellence Continued to make good progress on Kingsport methanolysis operations and the build of our sales funnel for 2025 Made investment decision to move forward with the Longview, Texas, methanolysis facility Returned $195 million of cash to shareholde
The Board of Directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.81 per share on the company's common stock. The dividend is payable Oct. 7, 2024, to stockholders of record as of Sept. 16, 2024. Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer
Across the recent three months, 12 analysts have shared their insights on Eastman Chemical (NYSE:EMN), expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1 6 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 0 3 0 0 3M Ago 1 1 3 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $110.42, a high estimate of $128.00, and a low estimate of $100.00. This current average has in
Citigroup analyst Patrick Cunningham maintains Eastman Chemical (NYSE:EMN) with a Buy and lowers the price target from $114 to $111.
In the preceding three months, 11 analysts have released ratings for Eastman Chemical (NYSE:EMN), presenting a wide array of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 6 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 4 0 0 2M Ago 1 1 2 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $110.36, a high estimate of $128.00, and a low estimate of $100.00. Marking an increase
Eastman Chemical Company (NYSE:EMN) hosted investors and analysts at its headquarters in Kingsport for its 2024 Circular Economy Deep Dive. During the event, attendees toured Eastman's methanolysis operations and learned more about the company's innovative and sustainable materials. Following the tour, executives provided an update on Eastman's innovation-driven growth strategy, including financial projections for its circular economy initiatives. Eastman's Board Chair and Chief Executive Officer Mark Costa kicked off the event by reiterating the company's unwavering commitment to its innovation-driven growth model. "Our key strategic themes remain unchanged since 2021," said Costa. "We h
Eastman Chemical Company (NYSE:EMN): Circular Deep Dive: Eastman Chemical Company (NYSE:EMN) executives, including Mark Costa, Board Chair and CEO, will host a Circular Economy Deep Dive for chemical industry analysts and investors to present details of the company's circular economy growth platform. The event will take place in Kingsport, Tenn., on November 21, 2024, with presentations from approximately 10:20 a.m. to approximately 12:00 p.m. Eastern Time. The presentations will be immediately followed by a brief question and answer session. The agenda for the event is as follows (times are approximate): 10:20 a.m. Strategy Ove
Eastman Chemical Company (NYSE:EMN) announced its third-quarter 2024 financial results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031853691/en/ Strong year-over-year sales volume/mix growth with improvement in all operating segments Adjusted EBIT margin increased 360 basis points compared to last year through volume/mix growth, operating leverage, and commercial excellence Continued to make good progress on Kingsport methanolysis operations and the build of our sales funnel for 2025 Made investment decision to move forward with the Longview, Texas, methanolysis facility Returned $195 million of cash to shareholde
Financial Results Release: Thursday, Oct. 31, 2024 Approximately 4:15 p.m. Eastern Time Via wire distribution and www.eastman.com, News Center and SEC Form 8-K filing. Advance Slides, Webcast and Teleconference: Friday, Nov. 1, 2024 8:00 a.m. Eastern Time Via listen-only live webcast and teleconference. Advance slides and prepared remarks: posted Thursday, Oct. 31, evening at investors.eastman.com Webcast: Eastman Q3 2024 Webcast to join live webcast Teleconference: Toll-Free dial-in number +1 (833) 470-1428 Passcode: 170609 Teleconference Pre-Registration: To speed up connecting into the teleconference, a pre-registration link for p
Eastman Chemical Company (NYSE:EMN): Financial Results Release: Thursday, July 25, 2024 Approximately 4:15 p.m. Eastern Time Via wire distribution and www.eastman.com, News Center and SEC Form 8-K filing. Advance Slides, Webcast and Teleconference: Friday, July 26, 2024 8:00 a.m. Eastern Time Via listen-only live webcast and teleconference. Advance slides and prepared remarks: posted Thursday, July 25, evening at investors.eastman.com Webcast: Eastman Q2 2024 Webcast to join live webcast Teleconference: Toll-Free dial-in number +1 (833) 470-1428 Passcode: 696395 Teleconference Pre-Registration: To speed up co
At the Eastman Chemical Company (NYSE:EMN) annual meeting, stockholders: reelected directors Humberto P. Alfonso, Brett D. Begemann, Eric L. Butler, Mark J. Costa, Linnie M. Haynesworth, Julie F. Holder, Renée J. Hornbaker, Kim Ann Mink, James J. O'Brien, and David W. Raisbeck to one-year terms; ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2024; and approved, on an advisory basis, the compensation of the company's executive officers as disclosed in the annual meeting proxy statement (the "say-on-pay" vote). Additional information about each of the matters acted upon by stockholders at the annual meeting is in the pro
BofA Securities downgraded Eastman Chemical from Buy to Neutral and set a new price target of $119.00 from $114.00 previously
UBS upgraded Eastman Chemical from Neutral to Buy and set a new price target of $128.00 from $106.00 previously
Jefferies upgraded Eastman Chemical from Hold to Buy and set a new price target of $125.00 from $102.00 previously
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