Eastman Chemical (EMN) Shares Edge Higher Into Close as BofA Upgrades to Buy

Shares of Eastman Chemical (NYSE: EMN) have ticked higher over the last 15 minutes of trade as an analyst at BofA just upgraded the stock from Neutral to Buy in an intraday research note. The stock is now up more than 6 percent amid earlier news of a bid for Solutia (NYSE: SOA).

BofA now rates Eastman Chemical a Buy, up from Neutral previously. The firm set a $64 price target on shares of Eastman Chemical.

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

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