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Fly News Breaks for May 2, 2016
EMN
May 2, 2016 | 07:25 EDT
CLSA analyst Nils-Bertil Wallin downgraded Eastman Chemical to Underperform from Buy and raised his price target to $80 from $75. The analyst recommends taking profits in shares given weaker guidance, an anemic global economy, potential ethylene oversupply, and difficult market to sell ethylene assets.