Market Overview

UPDATE: Citigroup Raises PT to $73 on Eastman Chemical on Solid Execution

Share:
Related EMN
4 Reasons RBC Downgraded Eastman Chemical
SunTrust On Eastman Chemical: 'The Horse Has Left The Barn'

Citigroup reiterated its Buy rating on Eastman Chemical (NYSE: EMN) and raised its price target from $62 to $73.

Citigroup commented, "EMN management has delivered EPS above consensus over the last 16 of 19 quarters. 3Q12 operating earnings were ~$20mm above consensus estimates suggesting that EMN legacy businesses are performing well and that Solutia may be holding up better than feared. Management raised FY guidance to $5.20-$5.40 and believes FY13 adjusted EPS will be greater than $6.00 (vs. our $6.35)."

Eastman Chemical closed at $60.19 on Friday.

Latest Ratings for EMN

DateFirmActionFromTo
Sep 2016CitigroupDowngradesBuyNeutral
Aug 2016RBC CapitalDowngradesOutperformSector Perform
Aug 2016CitigroupMaintainsBuy

View More Analyst Ratings for EMN
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (EMN)

View Comments and Join the Discussion!