Mizuho raised the firm’s price target on Eastman Chemical (EMN) to $117 from $113 and keeps a Neutral rating on the shares after touring the company’s first commercial scale PET chemical recycling plant. The firm believes weak end markets have masked much of Eastman’s progress. It cites higher confidence coming out the event for the target increase.
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Read More on EMN:
- Wells Fargo upgrades Eastman to Overweight, says multiple should expand
- Eastman Chemical upgraded to Overweight from Equal Weight at Wells Fargo
- Eastman Chemical Aims for Growth via Circular Economy
- Morgan Stanley sees positive response to increased disclosure at Eastman event
- Eastman Chemical price target lowered to $105 from $107 at RBC Capital