Eastman Chemical price target raised to $103 from $101 at RBC Capital

RBC Capital raised the firm’s price target on Eastman Chemical (EMN) to $103 from $101 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company continues to perform well and its steady improvement despite choppy end markets and lower tariff exposure has resulted in the stock outperforming peers this week, the analyst tells investors in a research note. RBC adds however that Fibers destocking, higher natural gas costs and FX remain headwinds for Eastman Chemical heading into FY25.