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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News
- Here's What Key Metrics Tell Us About Eastman Chemical (EMN) Q3 Earnings [Yahoo! Finance]Yahoo! Finance
- Eastman Announces Third-Quarter 2024 Financial ResultsBusiness Wire
- Eastman Chemical Company (EMN): An Undervalued Chemical Stock to Invest In Now [Yahoo! Finance]Yahoo! Finance
- Eastman Chemical (EMN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
- Eastman Chemical (NYSE: EMN) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $119.00 price target on the stock, up previously from $114.00.MarketBeat
EMN
Earnings
- 10/31/24 - Beat
EMN
Sec Filings
- 10/31/24 - Form 8-K
- 10/9/24 - Form 4
- 10/9/24 - Form 4
- EMN's page on the SEC website