KeyBanc initiates Eastman Chemical stock at Sector Weight, $75 target By Investing.com
Investing.com India
KeyBanc has initiated coverage on Eastman Chemical Co. (NYSE:EMN) with a Sector Weight rating and a $75 price target. The firm views Eastman Chemical as the most stable company within its chemical group, citing its strong cash flow generation and balance sheet. While the stock appears undervalued according to InvestingPro analysis, KeyBanc sees better risk-reward in other chemical companies despite expecting earnings to benefit from improved industrial demand and company-specific drivers.
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