Market Overview

UPDATE: Gilford Securities Downgrades Eastman Chemical to Hold

Related EMN
Benzinga's Top Upgrades
US Stock Futures Edge Lower Ahead Of Earnings, Economic Data
Eastman Chemical to Buy Taminco for $1.8 Billion (Fox Business)

In a report published Monday, Gilford Securities downgraded its rating on Eastman Chemical (NYSE: EMN) from Buy to Hold.

Gilford Securities noted, “At legacy Eastman, the propylene/propane spread was quite favorable in 1H12, and ex-Fibers the company generally shows a seasonal year-end downturn, frequently steeper than expected. Specialty Plastics is dealing with a durable goods downturn and a rebounding cost of paraxylene to $1500-$1600/mt, pressuring copolyesters.”

Eastman Chemical closed on Friday at $58.32.

Latest Ratings for EMN

DateFirmActionFromTo
Nov 2014JP MorganMaintainsOverweight
Nov 2014SunTrust Robinson HumphreyUpgradesNeutralBuy
Nov 2014JefferiesUpgradesHoldBuy

View More Analyst Ratings for EMN
View the Latest Analyst Ratings

Posted-In: gilford securitiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (EMN)

Around the Web, We're Loving...

Get Benzinga's Newsletters