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EMN

Eastman Chemical

$82.05

-2.19 (-2.60%)

04:59
10/12/18
10/12
04:59
10/12/18
04:59

Eastman Chemical upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Jeffrey Zekauskas upgraded Eastman Chemical to Overweight while lowering his price target for the shares to $95 from $105.

  • 26

    Oct

EMN Eastman Chemical
$82.05

-2.19 (-2.60%)

04/30/18
RBCM
04/30/18
NO CHANGE
Target $107
RBCM
Sector Perform
Eastman Chemical price target raised to $107 from $103 at RBC Capital
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.
10/05/18
JPMS
10/05/18
DOWNGRADE
Target $105
JPMS
Neutral
Eastman Chemical downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jeffrey Zekauskas downgraded Eastman Chemical to Neutral and lowered his price target for the shares to $105 from $120.
10/05/18
JPMS
10/05/18
DOWNGRADE
Target $105
JPMS
Neutral
JPMorgan downgrades Eastman to Neutral on rising raw material costs
JPMorgan analyst Jeffrey Zekauskas downgraded Eastman Chemical to Neutral and lowered his price target for the shares to $105 from $120. The analyst believes raw material trends will probably pressure the company's year-ahead results. Eastman will begin to face raw material challenges because of rising propane, para-xylene, and ethane costs, Zekauskas tells investors in a research note. Further, the analyst believes consensus estimates for the company's 2019 EBITDA and earnings growth are high.
10/05/18
10/05/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mylan (MYL) downgraded to Neutral from Buy at Mizuho with analyst Irina Koffler saying the analyst initially believed Mylan's pipeline of complex generics and biosimilars would represent a "sustainable source of growth" relative to generic peers, but her view changed after more due diligence and competitor checks. 2. Eastman Chemical (EMN) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying he believes raw material trends will probably pressure the company's year-ahead results. 3. CommScope (COMM) downgraded to Neutral from Buy at Nomura Instinet with analyst Jeffrey Kvaal saying the analyst continues to view CommScope as a long-term beneficiary of both mobile and fiber spending growth. 4. HP Inc. (HPQ) downgraded to Neutral from Overweight at JPMorgan with analyst Paul Coster saying despite the company's "excellent execution," the shares have limited catalysts ahead. 5. PepsiCo (PEP) downgraded to Neutral from Outperform at Macquarie with analyst Caroline Levy saying Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ALB

Albemarle

$95.56

-0.68 (-0.71%)

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SQM

$41.21

-0.96 (-2.28%)

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Albemarle, SQM analyst commentary  »

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ALB

Albemarle

$95.56

-0.68 (-0.71%)

SQM

SQM

$41.21

-0.96 (-2.28%)

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DCPH

Deciphera

$27.19

-1.51 (-5.26%)

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SPX

S&P 500

$0.00

(0.00%)

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GNTX

Gentex

$18.62

-0.32 (-1.69%)

08:07
10/19/18
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08:07
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Earnings
Gentex lowers FY18 revenue view to $1.85B-$1.87B from $1.88B-$1.91B 

Consensus $1.88B.

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  • 19

    Oct

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AQR

Acquicor Technology

$0.00

(0.00%)

, JPM

JPMorgan

$108.13

-1.78 (-1.62%)

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Conference/Events
JPMorgan to hold a conference »

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AQR

Acquicor Technology

$0.00

(0.00%)

JPM

JPMorgan

$108.13

-1.78 (-1.62%)

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  • 19

    Oct

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FB

Facebook

$154.95

-4.51 (-2.83%)

08:06
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08:06
Periodicals
Facebook names former UK official Nick Clegg to lead global affairs, FT says »

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  • 28

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    Nov

SYMC

Symantec

$19.97

-0.595 (-2.89%)

08:04
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10/19
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Initiation
Symantec initiated  »

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  • 22

    Oct

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    Dec

GNTX

Gentex

$18.62

-0.32 (-1.69%)

08:04
10/19/18
10/19
08:04
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08:04
Earnings
Gentex reports Q3 EPS 42c, consensus 42c »

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  • 19

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AMRX

Amneal Pharmaceuticals

$18.51

0.02 (0.11%)

08:04
10/19/18
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08:04
Hot Stocks
Amneal Pharmaceuticals receives FDA approval for generic version of BiCNU »

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  • 07

    Nov

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BWA

BorgWarner

$36.92

-0.96 (-2.53%)

08:04
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10/19
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Hot Stocks
BorgWarner CFO Ronald Hundzinski retiring, Thomas McGill appointed interim CFO »

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  • 25

    Oct

ETFC

E-Trade

$48.89

-1.68 (-3.32%)

08:03
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E-Trade analyst commentary  »

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VRNS

Varonis

$64.72

-0.935 (-1.42%)

08:02
10/19/18
10/19
08:02
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Initiation
Varonis initiated  »

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  • 29

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LLNW

Limelight Networks

$5.07

0.12 (2.42%)

08:02
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Recommendations
Limelight Networks analyst commentary  »

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  • 29

    Oct

DM

Dominion Energy Midstream

$18.39

0.04 (0.22%)

08:02
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Hot Stocks
Dominion Energy Midstream raises quarterly cash distribution 5% to 36.90c »

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  • 05

    Nov

DOCU

DocuSign

$46.26

-1.305 (-2.74%)

08:01
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Initiation
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  • 22

    Oct

DIS

Disney

$116.26

-0.83 (-0.71%)

08:00
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Upgrade
Disney rating change  »

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  • 08

    Nov

AAPL

Apple

$215.98

-5.22 (-2.36%)

08:00
10/19/18
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Options
Apple put buyer realizes 10% same-day gains »

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PYPL

PayPal

$77.50

-2.61 (-3.26%)

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STNL

Sentinel Energy

$9.81

(0.00%)

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Breaking Hot Stocks news story on Sentinel Energy »

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ADBE

Adobe

$250.46

-8.44 (-3.26%)

07:58
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Initiation
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VLKAY

Volkswagen

$0.00

(0.00%)

, RNLSY

Renault

$0.00

(0.00%)

07:58
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Periodicals
Volkswagen wins as EU set to back wifi over 5G, Reuters says »

Volkswagen (VLKAY) and…

VLKAY

Volkswagen

$0.00

(0.00%)

RNLSY

Renault

$0.00

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DDAIF

Daimler AG

$0.00

(0.00%)

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RDFN

Redfin

$16.49

-0.68 (-3.96%)

07:58
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  • 13

    Nov

VRTX

Vertex

$179.00

-6.46 (-3.48%)

07:57
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Vertex receives European CHMP positive opinion for KALYDECO »

Vertex Pharmaceuticals…

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  • 22

    Oct

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    Oct

PACB

Pacific Biosciences

07:57
10/19/18
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Initiation
Pacific Biosciences initiated  »

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