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Are Wall Street Analysts Predicting Eastman Chemical Stock Will Climb or Sink?
Yahoo Finance· 2025-11-19 13:30
Kingsport, Tennessee-based Eastman Chemical Company (EMN) specializes in specialty chemicals, producing chemicals, fibers, and plastics. With a market cap of $6.6 billion, the company offers a wide range of products, including coatings, adhesives, specialty polymers, inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics. Shares of this specialty chemicals giant have considerably underperformed the broader market over the past year. EMN has declined 44.7% over ...
BofA Boosts Price Target on Eastman Chemical (EMN) to $75, Maintains Buy Rating
Yahoo Finance· 2025-11-12 02:59
Core Insights - Eastman Chemical Company (NYSE:EMN) is recognized as one of the 15 overlooked dividend stocks to consider for investment [1] - BofA has increased its price target for Eastman Chemical to $75 from $74 while maintaining a Buy rating, citing potential earnings growth in 2026 due to cost savings and improved asset utilization [2] - The company aims for $100 million in cost savings in 2026, building on $75 million achieved in the current year, with potential utilization boosts contributing an additional $50 million to $75 million [3] Financial Performance - Eastman Chemical reported Q3 2025 revenue of $2.2 billion, reflecting a 10.6% year-over-year decline and falling short of analysts' estimates by $73.4 million [4] - Despite the revenue drop, the company generated $402 million in operating cash flow, consistent with the same quarter last year, and returned $146 million to shareholders through dividends and share repurchases [4] Company Overview - Eastman Chemical is a global specialty materials firm that produces a diverse range of advanced materials, chemicals, and fibers utilized in everyday products [5]