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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%)

10/05/18
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.
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.

TODAY'S FREE FLY STORIES

HSY

Hershey

$110.01

0.315 (0.29%)

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KNX

Knight-Swift

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0.73 (2.13%)

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DNLI

Denali Therapeutics

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-0.16 (-0.74%)

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RDY

Dr. Reddy's

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-0.45 (-1.24%)

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HSY

Hershey

$109.86

0.165 (0.15%)

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QTT

Qutoutiao

$12.66

0.25 (2.01%)

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  • 11

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BHC

Bausch Health

$23.23

-1.94 (-7.71%)

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IDT

IDT Corp

$6.48

-0.68 (-9.50%)

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OMI

Owens & Minor

$6.62

-1.32 (-16.62%)

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  • 20

    Feb

I

Intelsat

$24.38

2.755 (12.74%)

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Intelsat rises 12.8% »

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QUAD

Quad/Graphics

$16.58

2.04 (14.03%)

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  • 20

    Feb

LKSD

LSC Communications

$9.47

1.18 (14.23%)

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LSC Communications rises 14.6% »

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CLNE

Clean Energy

$2.23

0.24 (12.06%)

11:58
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Clean Energy jumps 12% after seeing demand increases for RNG from refuse sector »

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  • 12

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TKC

Turkcell

$6.97

0.06 (0.87%)

11:56
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Breaking Hot Stocks news story on Turkcell 

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DDAIF

Daimler AG

$0.00

(0.00%)

11:48
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Periodicals
German prosecutors launch new probe into Daimler, Reuters reports »

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  • 20

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IQ

iQIYI

$22.76

0.43 (1.93%)

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General news
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DVN

Devon Energy

$31.18

2.87 (10.14%)

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WIX

Wix.com

$110.04

-15.66 (-12.46%)

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Recommendations
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General news
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DATA

Tableau

$128.02

1.08 (0.85%)

11:30
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Options
Size time spread in Tableau Software paints a bullish picture »

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MO

Altria Group

$50.35

1.41 (2.88%)

11:26
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Altria Group backs long-term adjusted EPS growth at 7%-9% annual rate »

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