Citigroup Maintains Buy on Eastman Chemical, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Patrick Cunningham maintains a Buy rating on Eastman Chemical (EMN) but lowers the price target from $96 to $95.

February 06, 2024 | 8:13 pm
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Citigroup maintains a Buy rating on Eastman Chemical but lowers the price target from $96 to $95.
The adjustment in price target by Citigroup reflects a slight change in valuation expectation for Eastman Chemical. While the Buy rating is maintained, indicating a positive outlook on the stock, the reduction in price target suggests a minor adjustment in expected performance. This could lead to a neutral short-term impact on the stock price as the market digests the slight change in expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90