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Eastman Chemical: How Much Upside Do Analysts Expect?

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Analysts’ consensus

The number of analysts tracking Eastman Chemical (EMN) has improved since its third-quarter earnings. Currently, 17 analysts are actively tracking the stock. Among the analysts, 59% recommended a “buy,” 41% recommended a “hold,” and none of the analysts recommended a “sell.” Analysts’ views and recommendations track the stock price.

Analysts’ consensus on Eastman Chemical indicates a target price of $98.82, which implies a return potential of 25.5% over the closing price as of November 28. In the past three months, analysts have significantly reduced the target price.

Increased raw material prices due to the trade war between China and the US are a concern. Weakness in Eastman Chemical’s Fibers segment and the strong US dollar are the biggest challenges. Although most analysts revised their targets on Eastman Chemical, they still recommend a “buy” or “hold.”

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Analysts’ views and recommendations

  • Barclays (BCS) cut its target price for Eastman Chemical from $115 to $95, which implies a return potential of 20.6% over the closing price as of November 28.
  • RBC (RY) reduced its target price for Eastman Chemical to $79. The stock closed marginally above the target price as of November 28.
  • UBS (UBS) revised its target price for Eastman Chemical to $112, which implies a return potential of 42.1% over the closing price of November 28.

Investors could hold Eastman Chemical indirectly by investing in the Materials Select Sector SPDR Fund (XLB), which invests 2.1% of its portfolio in Eastman Chemical as of November 28.

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