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Morgan Stanley Reaffirms Their Buy Rating on Eastman Chemical (EMN)

Tipranks - Tipranks - Tue Apr 21, 5:30AM CDT

In a report released yesterday, Vincent Andrews from Morgan Stanley maintained a Buy rating on Eastman Chemical, with a price target of $73.00.

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According to TipRanks, Andrews is a 3-star analyst with an average return of 2.5% and a 61.28% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Albemarle, Sherwin-Williams Company, and RPM International.

In addition to Morgan Stanley, Eastman Chemical also received a Buy from Citi’s Patrick Cunningham in a report issued on April 15. However, on April 10, RBC Capital maintained a Hold rating on Eastman Chemical (NYSE: EMN).

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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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