Jefferies Reiterates Buy Rating on Eastman Chemical (EMN)

Jefferies analyst Lawrence Alexander reiterated a Buy rating and $130.00 price target on Eastman Chemical (NYSE: EMN).

The analyst commented: "Q3 EPS of $2.26 was $0.12 above consensus and $0.11 above our forecast. The 2024 EPS range was lowered <1% at the midpoint to $7.50-$7.70 (consensus $7.68). The overall demand environment remains stable at trough levels: we expect a modest improvement in 2H25 and a pick-up in 2026. Weak consumer demand is expected to limit the methanolysis EBITDA contribution to $20-30m in 2024 (previously $75m). A second facility will be built in Texas."

For an analyst ratings summary and ratings history on Eastman Chemical click here. For more ratings news on Eastman Chemical click here.

Shares of Eastman Chemical closed at $101.08 yesterday.

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