Keybanc Maintains Overweight on Eastman Chemical, Lowers Price Target to $103
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Aleksey Yefremov maintains an Overweight rating on Eastman Chemical (NYSE:EMN) but lowers the price target from $106 to $103.
July 11, 2023 | 8:06 am
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Eastman Chemical's price target has been lowered by Keybanc from $106 to $103, though the Overweight rating is maintained.
The news is directly about Eastman Chemical. While the lowering of the price target might be seen as a negative, the maintenance of the Overweight rating indicates that the analyst still sees the stock as a good investment. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100