Eastman Chemical Company (EMN) plans to
invest in interlayers production in Europe and anticipates
EBITDA growth. Its 'sector perform' rating was reaffirmed by the Royal Bank of Canada. The company has been favoured by investors with transactions like Icon Wealth Advisors buying
14,329 shares and Massachusetts Financial Services purchasing additional shares.
Jim Cramer praised the CEO, calling him 'A Very Smart Guy'. A circular economy emphasis has led EMN to project $500M EBITDA growth by 2029. Q3 earnings surpassed estimates, generating revenues of $2.46 billion and EPS at $1.53. The company also hosted a Circular Economy Deep Dive event in November, emphasizing their
sustainable innovations. However, the company's stock underperformed on certain days compared to competitors. The company currently has 88% ownership by institutional investors, implying substantial stakes in the company's operations.
Eastman Chemical Company EMN News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Sat, 23 Nov 2024 21:47:47 GMT -
Rating 7
- Innovation 8
- Rumor -4
