Eastman Chemical Company (NYSE:EMN) is included among the 11 Best Rising Dividend Stocks to Buy Right Now.
On May 5, Morgan Stanley raised its price recommendation on Eastman Chemical Company (NYSE:EMN) to $83 from $73. It reiterated an Overweight rating on the shares. The firm updated its targets as part of a weekly review of the North American polyethylene market.
The same day, RBC Capital also raised its price goal on Eastman to $82 from $79. It maintained a Sector Perform rating after the company posted a Q1 earnings beat. The firm said Eastman expects a meaningful improvement in both its Chemical Intermediates and Advanced Materials segments during Q2. At the same time, the analyst noted that volatility in energy and raw material costs continues to create uncertainty. Volumes also remain under pressure, particularly in the Fibers segment, where destocking has become a double-digit headwind.
Eastman Chemical Company (NYSE:EMN) is a specialty materials company that manufactures products used in everyday consumer and industrial applications. The company operates through four business segments: Advanced Materials (AM), Additives & Functional Products (AFP), Chemical Intermediates (CI), and Fibers.
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