
Eastman Chemical (EMN) Stock Forecast & Price Target
Eastman Chemical (EMN) Analyst Ratings
Bulls say
Eastman Chemical's strategic shift towards higher-margin specialty products, now comprising approximately 70% of its offerings, is expected to drive greater earnings consistency in the long term. The company is positioned for significant upside potential due to anticipated strength in its Additives and Functional Products and Advanced Materials segments, alongside favorable pricing conditions in ethylene and olefins. Additionally, improvements in productivity and a constructive global macroeconomic sentiment further bolster the positive outlook for Eastman Chemical's financial performance.
Bears say
Eastman Chemical has notably reduced its commodity exposure from approximately 17% in 2010 to around 13% currently, emphasizing its strategic shift towards higher-margin specialty products. Despite these efforts, the company continues to trade at a low multiple relative to its peers, indicating potential concerns regarding its valuation. Furthermore, Eastman has lowered its Q3 guidance following a previously decent Q2, citing ongoing challenges that are expected to result in decreased EBIT quarter-over-quarter.
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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