Keybanc Maintains Overweight on Eastman Chemical, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Aleksey Yefremov maintains an Overweight rating on Eastman Chemical (NYSE:EMN) but lowers the price target from $98 to $95.
October 30, 2023 | 8:21 am
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NEUTRAL IMPACT
Eastman Chemical's price target has been lowered by Keybanc from $98 to $95, though the Overweight rating is maintained.
The news is directly about Eastman Chemical and is likely to influence investor sentiment. The lowering of the price target might be seen as a negative signal, but the maintenance of the Overweight rating indicates that the analyst still sees potential in the stock. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100