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Evercore ISI Sticks to Its Hold Rating for Eastman Chemical (EMN)

Tipranks - Tipranks - Sat May 2, 9:48AM CDT

In a report released today, Eric Boyes from Evercore ISI maintained a Hold rating on Eastman Chemical, with a price target of $75.00.

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Boyes covers the Basic Materials sector, focusing on stocks such as Ecolab, Ashland, and Albemarle. According to TipRanks, Boyes has an average return of 2.0% and a 41.03% success rate on recommended stocks.

Currently, the analyst consensus on Eastman Chemical is a Strong Buy with an average price target of $81.22.

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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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