JP Morgan Upgrades Eastman Chemical to Overweight, Announces $90 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jeffrey Zekaukas has upgraded Eastman Chemical (NYSE:EMN) from Neutral to Overweight and announced a $90 price target.
October 30, 2023 | 9:17 am
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Eastman Chemical has been upgraded to Overweight from Neutral by JP Morgan, with a new price target of $90.
The upgrade from JP Morgan is a positive signal for Eastman Chemical. It indicates that the analyst believes the company's stock is likely to outperform the market or its sector in the near term. The new price target of $90 also suggests an upside potential from the current price. This could lead to increased investor interest and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100