Eastman Chemical Company’s Stock Price Drops to $78.37, Marking a -3.84% Decline: Is Now the Time to Invest?

Eastman Chemical Company (EMN)

78.37 USD -3.13 (-3.84%) Volume: 9.7M

Eastman Chemical Company’s stock price stands at 78.37 USD, witnessing a downward shift of -3.84% this trading session, with a trading volume of 9.7M. The stock has experienced a YTD percentage change of -14.18%, reflecting a challenging market performance for EMN.

Latest developments on Eastman Chemical Company

Eastman Chemical Co. stock faced underperformance on Friday compared to its competitors, following the news that the company is set to lose a $375M grant for building a recycling facility in the Longview area. The setback came after President Trump canceled the federal funding for the project. Despite this, Eastman CFO Willie McLain is scheduled to speak at the Deutsche Bank 16th Annual Global Industrials, Materials & Building Products Conference. Analysts at Morgan Stanley maintained Eastman stock with a target price of $115, while UBS adjusted the price target but retained a buy rating for Eastman Chemical. The company continues to face challenges as the DOE grant falls through, impacting its stock performance.

Eastman Chemical Company on Smartkarma

Analysts at Baptista Research on Smartkarma have been closely following Eastman Chemical Co, providing valuable insights for investors. In a recent report titled “Eastman Chemical Company: Growth in Specialty Plastics & Performance Films Segments Driving Our ‘Outperform’ Rating!”, the analysts highlighted positive operational performance and challenges related to international trade dynamics. The report also mentioned the progress of Eastman’s methanolysis program at Kingsport, indicating a promising future for the company.

Another report by Baptista Research focused on how Eastman Chemical Company is managing rising raw material costs and other key challenges. The analysts discussed the company’s resilience in the face of a challenging macroeconomic environment and highlighted a strong recovery in its Advanced Materials segment. Investors can benefit from these detailed analyses to make informed decisions regarding their investments in Eastman Chemical Co.

A look at Eastman Chemical Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Eastman Chemical Co has a solid long-term outlook according to the Smartkarma Smart Scores. With high scores in Dividend, Growth, Resilience, and Momentum, the company is positioned well for future success. Eastman Chemical Co is an international chemical company that produces a variety of chemicals, fibers, and plastics, with operations in coatings, adhesives, specialty polymers, and more.

Investors looking at Eastman Chemical Co can be reassured by its strong scores in Dividend, Growth, Resilience, and Momentum. While the company may not score as high in Value, its overall outlook remains positive. As an international chemical company with a diverse range of products and operations, Eastman Chemical Co is well-positioned for continued success in the future.

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