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Fly News Breaks for February 5, 2018
EMN
Feb 5, 2018 | 08:58 EDT
SunTrust analyst James Sheehan raised his price target on Eastman Chemical to $105 after the company's Q4 earnings beat, saying the strengthening of the global macro environment are leading to tailwinds in commodity spreads. The analyst also points to "sustainable" environmental enforcement trends in China, as the company benefited from competitor shutdowns in tire additives and olefin derivatives. Sheehan keeps his Hold rating on Eastman Chemical, noting that valuations on the stock appear to be fair.
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