Stifel Maintains Buy on Eastman Chemical, Lowers Price Target to $101-Report Released on 2 February 2024
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Vincent Anderson maintains a Buy rating on Eastman Chemical (NYSE:EMN) but lowers the price target from $102 to $101 as of 2 February 2024.
February 05, 2024 | 9:09 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Eastman Chemical but lowers the price target from $102 to $101.
The adjustment in price target by Stifel reflects a minor revision in valuation expectations for Eastman Chemical. While the Buy rating is maintained, indicating continued confidence in the company's performance, the slight decrease in price target suggests a modest recalibration of future price expectations. This could lead to a neutral short-term impact on the stock as the market digests the minor adjustment in valuation amidst ongoing positive analyst sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100