Eastman Chemical shares are trading higher after Goldman Sachs maintained a Neutral rating on the stock and raised its price target from $82 to $92.
Portfolio Pulse from Benzinga Newsdesk
Eastman Chemical's stock (EMN) is trading higher following Goldman Sachs' decision to maintain a Neutral rating but increase the price target from $82 to $92.
December 14, 2023 | 3:32 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Neutral rating on Eastman Chemical (EMN) but raises the price target from $82 to $92, leading to a positive trading sentiment.
The increase in the price target by a reputable investment bank like Goldman Sachs typically signals a positive outlook on the stock's value, which can lead to increased investor confidence and a potential short-term rise in the stock price. The Neutral rating suggests that the bank believes the stock is fairly valued at its current price, but the raised target indicates an expectation of some growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100