Eastman Chemical (EMN) Misses Q2 EPS by 5c

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Go back to Eastman Chemical (EMN) Misses Q2 EPS by 5c

Nomura Securities Reiterates Buy on Eastman Chemical (EMN) After Adjusting Estimates - PT to $75

August 1, 2016 9:36 AM EDT

Nomura Securities maintained a Buy rating on Eastman Chemical (NYSE: EMN), and cut the price target to $75.00 (from $81.00), following the company's 2Q earnings report. Nomura cut 2016 EPS estimates by $0.20 to $6.55 given softer commodity outlook for Intermediates and weaker tow earnings.

Analyst Aleksey Yefremov... More

Eastman Chemical (EMN) PT Lowered to $81 at UBS

July 29, 2016 8:01 AM EDT

UBS analyst John Roberts lowered his price target on Eastman Chemical (NYSE: EMN) to $81.00 (from $86.00) but maintained a Buy rating.

Roberts commented, "Results benefited by ~0.12/sh on lower tax rate (~20% vs UBSe of 26%). Total operating profit of $376M (down 22%) lagged... More