
Eastman Chemical (EMN) Stock Forecast & Price Target
Eastman Chemical (EMN) Analyst Ratings
Bulls say
Eastman Chemical's strategic shift towards higher-margin specialty businesses, now constituting approximately 70% of its operations, is projected to enhance earnings consistency and drive future performance. The company is expected to benefit from improved pricing and mix within its specialty business segments, alongside ongoing productivity gains that support a positive operational outlook. Additionally, potential factors such as strengthened demand in Additives and Functional Products, along with favorable ethylene and olefin pricing, could further bolster its financial performance amidst a recovering global economic sentiment.
Bears say
Eastman Chemical has seen a reduction in its commodity exposure to approximately 13%, a significant decrease from 17% in 2010, as the company has shifted focus toward higher-margin specialty products. Nevertheless, despite this strategic pivot, Eastman trades at a lower multiple compared to its peers, indicating potential undervaluation or market skepticism regarding its growth prospects. Furthermore, recent guidance has projected a decline in EBIT for the third quarter, driven by ongoing market challenges, including a pull-forward effect in European sales, highlighting a deteriorating earnings outlook.
This aggregate rating is based on analysts' research of Eastman Chemical and is not a guaranteed prediction by Public.com or investment advice.
Eastman Chemical (EMN) Analyst Forecast & Price Prediction
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