Eastman Chemical, CF Industries downgraded at Bank of America [Seeking Alpha]
Eastman Chemical Company (EMN)
Last eastman chemical company earnings: 5/1 04:00 pm
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US:NYSE Investor Relations:
eastman.com/company/investors/pages/introduction.aspx
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Source: Seeking Alpha
Eastman Chemical downgrade Eastman's ( EMN ) investment rating was lowered to Neutral from Buy previously. After rallying by about 57% in the past 12 months, Eastman's ( EMN ) “current valuation leaves little room for upside potential,” according to Bank of America. “This upside hinges in our view on the success of the company's methanolysis strategy (polyester renewal technology, or PRT), which carries elevated risk,” Salvator Tiano, analyst at Bank of America, said in an October 16 report. The bank raised its price target on Eastman ( EMN ) to $119 a share from $114 a share previously by rolling over its forecast to 2025 from 2024, and cutting the enterprise value-to-earnings before interest, taxes, depreciation and amortization multiple to 8.5 times from 9.5 times, and the price-to-earnings multiple to 11.5 times from 13 times. CF Industries downgrade CF Industries' ( CF ) rating was lowered to Underperform from Neutral previously. Bank of America foresees weaker pricing
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EMN
News
- Eastman Highlights Circular Economy Growth and Innovation at Circular Economy Deep Dive EventBusiness Wire
- Eastman Chemical to Invest in Interlayers Production in Europe [Yahoo! Finance]Yahoo! Finance
- Notice of Public Webcast for Eastman Circular Economy Deep Dive, November 21, 2024 [Yahoo! Finance]Yahoo! Finance
- Notice of Public Webcast for Eastman Circular Economy Deep Dive, November 21, 2024Business Wire
- Eastman Chemical (NYSE: EMN) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
EMN
Earnings
- 10/31/24 - Beat
EMN
Sec Filings
- 11/21/24 - Form SCHEDULE
- 11/21/24 - Form 8-K
- 11/12/24 - Form SCHEDULE
- EMN's page on the SEC website