Fintel reports that on January 14, 2025, B of A Securities upgraded their outlook for Eastman Chemical (NYSE:EMN) from Neutral to Buy.
Analyst Price Forecast Suggests 28.14% Upside
As of December 22, 2024, the average one-year price target for Eastman Chemical is $117.87/share. The forecasts range from a low of $105.04 to a high of $147.00. The average price target represents an increase of 28.14% from its latest reported closing price of $91.98 / share.
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The projected annual revenue for Eastman Chemical is 10,278MM, an increase of 10.00%. The projected annual non-GAAP EPS is 9.96.
What is the Fund Sentiment?
There are 1,387 funds or institutions reporting positions in Eastman Chemical. This is an increase of 28 owner(s) or 2.06% in the last quarter. Average portfolio weight of all funds dedicated to EMN is 0.17%, an increase of 3.24%. Total shares owned by institutions increased in the last three months by 0.91% to 120,878K shares. 
The put/call ratio of EMN is 0.30, indicating a bullish outlook.
What are Other Shareholders Doing?
Franklin Resources holds 5,219K shares representing 4.50% ownership of the company. In its prior filing, the firm reported owning 4,937K shares , representing an increase of 5.41%. The firm decreased its portfolio allocation in EMN by 80.37% over the last quarter.
Capital Research Global Investors holds 5,189K shares representing 4.48% ownership of the company. In its prior filing, the firm reported owning 4,952K shares , representing an increase of 4.57%. The firm increased its portfolio allocation in EMN by 13.42% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,717K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 3,711K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in EMN by 7.50% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,062K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 3,019K shares , representing an increase of 1.38%. The firm increased its portfolio allocation in EMN by 6.63% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 2,926K shares representing 2.53% ownership of the company. In its prior filing, the firm reported owning 2,959K shares , representing a decrease of 1.15%. The firm increased its portfolio allocation in EMN by 3.08% over the last quarter.
Eastman Chemical Background Information
(This description is provided by the company.)
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world- class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2019 revenues of approximately $9.3 billion and is headquartered in Kingsport, Tennessee, USA.
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