Barclays Maintains Equal-Weight Rating for Eastman Chemical: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Equal-Weight rating for Eastman Chemical (NYSE:EMN) but lowered its price target from $90.00 to $85.00. Eastman Chemical's shares are currently trading at $74.17, and a move to $85.00 would represent a 14.6% increase.
October 11, 2023 | 5:00 pm
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Barclays has maintained its Equal-Weight rating for Eastman Chemical but lowered its price target. This could potentially influence investor sentiment.
The maintenance of the Equal-Weight rating indicates that Barclays sees Eastman Chemical as fairly valued. However, the lowering of the price target could suggest that Barclays believes the stock may not rise as much as previously expected. This could potentially influence investor sentiment and the stock's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100