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Eastman Chemical Company (NYSE:EMN) has been downgraded to Hold in a report by Zacks Investment Research today.

Zacks Investment Research has downgraded Eastman Chemical Company (NYSE:EMN) to Hold in a report released on 06/21/2017.

Previously on 6/16/2017, Jefferies & Co reported on Eastman Chemical Company (NYSE:EMN) increased the target price from $0.00 to $90.00. At the time, this indicated a possible upside of 0.08%.

Yesterday Eastman Chemical Company (NYSE:EMN) traded -0.11% lower at $84.06. The company’s 50-day moving average is $84.54 and its 200-day moving average is $81.87. The last closing price is up 3.77% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 2,069,471 shares of the stock traded hands, up from an average trading volume of 1,020,220

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Eastman Chemical Company (NYSE:EMN)

Eastman Chemical Company has a 52 week low of $62.70 and a 52 week high of $87.54 with a P/E ratio of 13.64 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokers have issued a research note on the company. The average stock price target is $81.38 with 3 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Eastman Chemical Company (NYSE:EMN)

Eastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company's segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets. In the AM segment, it produces and markets its polymers, films, and plastics with differentiated performance properties for end uses in transportation, consumables, building and construction, durable goods, and health and wellness products. The CI segment leverages large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support its specialty operating segments. Its product lines in Fibers segment include Acetate Tow, Acetate Yarn and Acetyl Chemical Products.

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