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EMN

Eastman Chemical

$82.05

-2.19 (-2.60%)

07:05
10/12/18
10/12
07:05
10/12/18
07:05

Eastman Chemical upgraded to Overweight after selloff at JPMorgan

JPMorgan analyst Jeffrey Zekauskas upgraded Eastman Chemical to Overweight Neutral while lowering his price target for the shares to $95 from $105. With the stock down 15%, Eastman's market capitalization is lower by $2.45B over the past month, Zekauskas tells investors in a research note. The analyst thinks "there is a sufficient margin of safety to invest in Eastman shares at this juncture."

  • 26

    Oct

EMN Eastman Chemical
$82.05

-2.19 (-2.60%)

10/12/18
JPMS
10/12/18
UPGRADE
Target $95
JPMS
Overweight
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.
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.
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
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.

TODAY'S FREE FLY STORIES

PYPL

PayPal

06:44
10/19/18
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06:44
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TRV

Travelers

$125.08

-1.39 (-1.10%)

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F

Ford

$8.51

-0.255 (-2.91%)

06:41
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  • 13

    Dec

VIVHY

Vivendi

$0.00

(0.00%)

, TI

Telecom Italia

$5.89

-0.05 (-0.84%)

06:41
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Periodicals
Vivendi denies wanting four more members on Telecom Italia's board, Reuters says »

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VIVHY

Vivendi

$0.00

(0.00%)

TI

Telecom Italia

$5.89

-0.05 (-0.84%)

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FB

Facebook

$154.95

-4.51 (-2.83%)

06:39
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06:39
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Facebook's election 'war room' ready for midterms, Business Insider says »

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    Nov

ROKU

Roku

$56.99

-3.92 (-6.44%)

06:38
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06:38
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  • 07

    Nov

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    Nov

AEO

American Eagle

$20.94

-0.54 (-2.51%)

06:38
10/19/18
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06:38
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American Eagle rating change  »

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HON

Honeywell

$155.22

-2.73 (-1.73%)

06:37
10/19/18
10/19
06:37
10/19/18
06:37
Earnings
Honeywell lowers FY18 adj. EPS view to $7.95-$8.00 from $8.10-$8.20 »

Consensus $8.15. Lowers…

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  • 19

    Oct

SYNH

Syneos Health

$45.94

-0.65 (-1.40%)

06:37
10/19/18
10/19
06:37
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06:37
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Syneos Health rating change  »

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AMZN

Amazon.com

$1,771.45

-61.36 (-3.35%)

06:36
10/19/18
10/19
06:36
10/19/18
06:36
Periodicals
Amazon revisits some cities as HQ2 decision looms, WSJ reports »

Amazon executives have…

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  • 25

    Oct

MUR

Murphy Oil

$34.63

-0.43 (-1.23%)

, PBR

Petrobras

$15.33

-0.73 (-4.55%)

06:35
10/19/18
10/19
06:35
10/19/18
06:35
Upgrade
Murphy Oil, Petrobras rating change  »

Murphy Oil upgraded to…

MUR

Murphy Oil

$34.63

-0.43 (-1.23%)

PBR

Petrobras

$15.33

-0.73 (-4.55%)

03/08/13
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  • 08

    Nov

SYF

Synchrony

$29.63

-0.45 (-1.50%)

06:34
10/19/18
10/19
06:34
10/19/18
06:34
Hot Stocks
Synchrony CEO says 'we generated strong results this quarter' »

"We generated strong…

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  • 19

    Oct

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CFG

Citizens Financial

$34.92

-0.96 (-2.68%)

06:33
10/19/18
10/19
06:33
10/19/18
06:33
Earnings
Citizens Financial reports Q3 EPS 91c, consensus 90c »

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  • 19

    Oct

MINI

Mobile Mini

$43.37

0.48 (1.12%)

06:33
10/19/18
10/19
06:33
10/19/18
06:33
Hot Stocks
Mobile Mini CEO says the pipeline in North America looks healthy »

Erik Olsson, Mobile…

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  • 19

    Oct

MRO

Marathon Oil

$20.55

-0.33 (-1.58%)

06:33
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  • 08

    Nov

HON

Honeywell

$155.22

-2.73 (-1.73%)

06:32
10/19/18
10/19
06:32
10/19/18
06:32
Earnings
Honeywell reports Q3 adj. EPS $2.03, consensus $1.99 »

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  • 19

    Oct

MINI

Mobile Mini

$43.37

0.48 (1.12%)

06:32
10/19/18
10/19
06:32
10/19/18
06:32
Earnings
Mobile Mini reports Q3 adjusted EPS 42c, consensus 41c »

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  • 19

    Oct

WTFC

Wintrust Financial

$79.79

-4.06 (-4.84%)

06:31
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06:31
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BX

Blackstone

$35.27

-0.79 (-2.19%)

06:31
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06:31
Periodicals
Blackstone waves off concerns over Saudi funding, Reuters reports »

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REPYY

Repsol

$0.00

(0.00%)

06:31
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06:31
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SYF

Synchrony

$29.63

-0.45 (-1.50%)

06:31
10/19/18
10/19
06:31
10/19/18
06:31
Earnings
Synchrony reports Q3 EPS 91c, consensus 80c »

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  • 19

    Oct

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SMCI

Super Micro Computer

$0.00

(0.00%)

06:31
10/19/18
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06:31
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06:31
Periodicals
Super Micro Computer says no evidence for Chinese hack, Bloomberg reports »

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  • 29

    Nov

AA

Alcoa

$38.85

2.14 (5.83%)

, CENX

Century Aluminum

$9.91

-0.23 (-2.27%)

06:25
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06:25
Periodicals
United States wants WTO panel to resolve matals tariff dispute, Reuters says »

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AA

Alcoa

$38.85

2.14 (5.83%)

CENX

Century Aluminum

$9.91

-0.23 (-2.27%)

X

U.S. Steel

$27.91

-0.27 (-0.96%)

NUE

Nucor

$58.26

-0.85 (-1.44%)

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  • 25

    Oct

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    Nov

CPB

Campbell Soup

$36.67

0.35 (0.96%)

, TPRE

Third Point Reinsurance

$11.40

-0.3 (-2.56%)

06:24
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06:24
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Periodicals
Campbell Soup CEO sees no room for concessions to Third Point, Reuters reports »

Campbell Soup (CPB)…

CPB

Campbell Soup

$36.67

0.35 (0.96%)

TPRE

Third Point Reinsurance

$11.40

-0.3 (-2.56%)

03/08/13
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  • 28

    Oct

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    Nov

PYPL

PayPal

$77.50

-2.61 (-3.26%)

06:22
10/19/18
10/19
06:22
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06:22
Recommendations
PayPal analyst commentary  »

Loop Capital concerned…

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