Jefferies Upgrades Eastman Chemical to Buy, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Laurence Alexander upgrades Eastman Chemical (NYSE:EMN) from Hold to Buy and raises the price target from $102 to $125.
April 29, 2024 | 12:39 pm
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POSITIVE IMPACT
Jefferies upgraded Eastman Chemical from Hold to Buy and increased the price target to $125.
Upgrades by analysts, especially from reputable firms like Jefferies, often lead to a positive short-term reaction in the stock market as they reflect a bullish outlook on the company. The significant raise in the price target from $102 to $125 suggests a strong confidence in the company's future performance, which could attract more investors to the stock, potentially driving up its price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100