Loading...
Loading...
According to a research report published earlier today, J.P. Morgan has increased Eastman Chemical's
EMN PT from $50 to $57.
In the report, J.P. Morgan said, "Eastman reported a stronger-than-expected performance in segment income partly offset by higher spending on early business development projects. Corporate expense rose sequentially from $27 million in 4Q:11 to $33 million because Eastman is spending more to develop its Perennial Wood product as well as for longer-term opportunities in battery separators. (Perennial Wood is treated to protect wood from moisture. Eastman now sells Perennial through 50 Lowe's stores as a test market.)"
J.P. Morgan maintains its Neutral rating on Eastman Chemical, which is currently trading at $53.71.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in