Eastman Chemical Company (EMN) has been making its imprint in the market. Lately, there has been an increase of
holdings in Eastman by various investment managers including QSM Asset Management Ltd, Wedge Capital Management and Goelzer Investment Management Inc. Despite slower conditions being predicted for the chemical industry, by Wells Fargo, Eastman remains resilient with reports showing it missed Q2 and Q3 targets amidst weaker demand but pushed through nonetheless. Recently, there were several successful investments like the ones by Norges Bank, Jump Financial LLC and Steward Partners Investment Advisory LLC. Eastman also announced a
sustainability initiative which influences its rank among the safest high dividend stocks, further leveraging its strong
cash generation. Some negative news included a slump in the stock with EBIT dropping by 43%, Wells Fargo downgrading the company to 'hold' and a cut in its outlook by S&P due to tariff impact. On the brighter side, Eastman Chemical plans to establish a cellulose acetate yarn manufacturing facility in
China in association with Huafon Chemical, signaling it's not yet time to give up on the company's innovation and potential.
Eastman Chemical Company EMN News Analytics from Thu, 24 Apr 2025 07:00:00 GMT to Fri, 26 Dec 2025 15:45:33 GMT -
Rating 2
- Innovation 4
- Information 6
- Rumor -3
