Eastman Chemical (EMN) Receives a Hold from RBC Capital
In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Hold rating on Eastman Chemical, with a price target of $79.00.
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Viswanathan covers the Basic Materials sector, focusing on stocks such as Dow Inc, Albemarle, and Celanese. According to TipRanks, Viswanathan has an average return of 1.5% and a 52.51% success rate on recommended stocks.
In addition to RBC Capital, Eastman Chemical also received a Hold from TipRanks – OpenAI’s OpenAI Chemicals – Specialty in a report issued on March 26. However, on April 9, UBS maintained a Buy rating on Eastman Chemical (NYSE: EMN).
Based on Eastman Chemical’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.97 billion and a net profit of $105 million. In comparison, last year the company earned a revenue of $2.25 billion and had a net profit of $330 million
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