B of A Securities Downgrades Eastman Chemical to Neutral, Raises Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Eastman Chemical from Buy to Neutral, while raising the price target from $114 to $119.
October 16, 2024 | 11:46 am
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NEUTRAL IMPACT
B of A Securities downgraded Eastman Chemical from Buy to Neutral, but increased the price target to $119, indicating a mixed outlook.
The downgrade from Buy to Neutral suggests a less optimistic view on Eastman Chemical's stock performance, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $119 indicates some positive expectations, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100