
Eastman Chemical (EMN) Stock Forecast & Price Target
Eastman Chemical (EMN) Analyst Ratings
Bulls say
Eastman Chemical's strategic transition towards higher-margin specialty products, accounting for approximately 70% of its offerings, is expected to enhance earnings consistency and profitability. The company anticipates earnings upside driven by improvements in specialty business pricing and mix, as well as productivity gains, which could contribute to overall positive financial performance. Additionally, under an upside scenario, stronger demand in Additives and Functional Products and Advanced Materials, coupled with favorable pricing for ethylene and olefins, may further bolster Eastman's financial outlook amidst improving global energy prices.
Bears say
Eastman Chemical has reduced its commodity exposure from approximately 17% in 2010 to around 13% by focusing on higher-margin specialty products; however, this shift has not translated into favorable market valuations, as the company continues to trade at a low multiple compared to its peers. Recent guidance for Q3 indicates a projected decline in EBIT quarter over quarter, primarily due to ongoing operational challenges and the impacts of demand fluctuations, particularly noted with a pull-forward in sales in Europe during Q2. These factors collectively contribute to a negative outlook for Eastman Chemical's stock performance moving forward.
This aggregate rating is based on analysts' research of Eastman Chemical and is not a guaranteed prediction by Public.com or investment advice.
Eastman Chemical (EMN) Analyst Forecast & Price Prediction
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