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Morgan Stanley Sticks to Their Buy Rating for Eastman Chemical (EMN)

Tipranks - Tipranks - Wed May 6, 7:08AM CDT

Morgan Stanley analyst Vincent Andrews maintained a Buy rating on Eastman Chemical today and set a price target of $83.00.

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Andrews covers the Basic Materials sector, focusing on stocks such as Albemarle, Eastman Chemical, and RPM International. According to TipRanks, Andrews has an average return of 2.0% and a 58.65% success rate on recommended stocks.

In addition to Morgan Stanley, Eastman Chemical also received a Buy from Citi’s Patrick Cunningham in a report issued yesterday. However, on the same day, Wells Fargo 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 March 31, the company reported a quarterly revenue of $2.18 billion and a net profit of $107 million. In comparison, last year the company earned a revenue of $2.29 billion and had a net profit of $182 million

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