Numerous updates surrounding Eastman Chemical Company (NYSE:EMN) have recently emerged. The company's Q2 earnings outperformed estimations, though sales fell short. Despite some daily gains, Eastman's stock has been underperforming when compared to competitors. Brokerages have generally recommended a Moderate Buy of Eastman's shares. Despite macroeconomic challenges, Eastman has reported solid cash flow. Zacks Equity Research has raised Eastman's price target to $107.00. The company recently made strides in sustainability by developing chemical recycling technologies. Industries have seen Eastman as a robust player despite cyclical market performance. Notably, the company's Non-GAAP EPS of $2.15 beat expectations, and its revenue of $2.36B slightly beat as well. Eastman's CFO Willie McLain is set to address the J.P. Morgan Industrials Conference and Eastman's Board has declared dividends. A key move for Eastman has been their partnership with Nord Pal Plast for feedstock in France. Recent Swot Analysis gives insight into Eastman’s market value and strategic positioning. Lastly, Eastman was featured on Fortune’s Change the World List and named to 100 Best Corporate Citizens of 2023.
Eastman Chemical Company EMN News Analytics from Tue, 05 Sep 2023 07:00:00 GMT to Sun, 28 Jul 2024 16:09:36 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -3
