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KeyBanc Starts Eastman Chemical (EMN) at Buy, Sees Steady Earnings Growth

November 27, 2012 6:48 AM EST Send to a Friend
Get Alerts EMN Hot Sheet
Price: $84.81 +0.21%

Rating Summary:
    11 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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KeyBanc initiates coverage on Eastman Chemical (NYSE: EMN) with a Buy. PT $74.00.

The firm comments, "We continue to favor investment stories within the chemical sector that have made meaningful portfolio changes over the years to move into more "specialty businesses," supporting steady earnings growth and improved margins profiles. We believe a series of acquisitions and divestitures have positioned EMN to post steadier earnings growth through 2015E. We see a good finish to 2012E and EMN's Investor Day on December 12, 2012 as near-term catalysts for the stock as the long-term growth potential for the new EMN is unveiled."

For an analyst ratings summary and ratings history on Eastman Chemical click here. For more ratings news on Eastman Chemical click here.

Shares of Eastman Chemical closed at $59.25 yesterday.




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