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Bank of America Securities Remains a Buy on Eastman Chemical (EMN)

Tipranks - Tipranks - Wed Apr 22, 6:34AM CDT

In a report released today, Salvator Tiano from Bank of America Securities reiterated a Buy rating on Eastman Chemical, with a price target of $79.00.

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Tiano covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Celanese, and Eastman Chemical. According to TipRanks, Tiano has an average return of 0.3% and a 53.57% success rate on recommended stocks.

In addition to Bank of America Securities, Eastman Chemical also received a Buy from Morgan Stanley’s Vincent Andrews in a report issued on April 19. 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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