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Fly News Breaks for April 30, 2018
EMN
Apr 30, 2018 | 08:38 EDT
RBC Capital analyst Arun Viswanathan raised his price target on Eastman Chemical to $107 after the company posted a "solid" quarter that demonstrated its "portfolio is working". Viswanathan keeps his Sector Perform rating, adding that the guidance may have been light as the company is facing more difficult relative comps in the second half of the year. The analyst believes valuation on the stock is fair after shares' gains of 12% year-to-date.
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