<div id="readability-page-1"><p><span>Eastman Chemical (NYSE:EMN - Get Free Report)</span> was downgraded by stock analysts at Wells Fargo &amp; Company from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report released on Friday,Zacks.com reports.</p><div><p><span></span><span>Get <strong>Eastman Chemical</strong> alerts:</span></p></div><ul><li>Stock ideas from the 2024 Microcap Conference</li></ul><p>A number of other brokerages also recently issued reports on EMN. Evercore ISI reduced their price target on Eastman Chemical from $75.00 to $70.00 and set an &#34;in-line&#34; rating on the stock in a research report on Tuesday, November 11th. UBS Group dropped their target price on Eastman Chemical from $75.00 to $73.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday, November 5th. Mizuho decreased their price target on Eastman Chemical from $80.00 to $75.00 and set an &#34;outperform&#34; rating for the company in a research note on Friday, October 3rd. Weiss Ratings upgraded Eastman Chemical from a &#34;sell (d+)&#34; rating to a &#34;hold (c-)&#34; rating in a research note on Friday, October 24th. Finally, Royal Bank Of Canada  set a $71.00 price objective on shares of Eastman Chemical in a report on Tuesday, October 14th. Seven investment analysts have rated the stock with a Buy rating and seven have issued  a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $78.77.</p><p><b>Read Our Latest Report on Eastman Chemical</b></p><h2>Eastman Chemical Stock Performance</h2><ul><li>High-Growth, High-Yield Value Stocks Nearing Trigger Points</li></ul><p>EMN stock opened at $63.56 on Friday. Eastman Chemical has a one year low of $56.11 and a one year high of $103.82. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 6.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.86 and a current ratio of 1.76. The firm has a 50-day simple moving average of $61.26 and a two-hundred day simple moving average of $67.53. </p><p>Eastman Chemical (NYSE:EMN - Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.28 billion. Eastman Chemical had a return on equity of 12.89% and a net margin of 7.75%.The firm's quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.26 EPS. Eastman Chemical has set its FY 2025 guidance at 5.400-5.65 EPS.  On average, equities analysts forecast that  Eastman Chemical will post 8.55 EPS for the current fiscal year. </p><h2>Institutional Investors Weigh In On Eastman Chemical</h2><p>A number of large investors have recently bought and sold shares of the company. Advisors Management Group Inc. ADV raised its position in  Eastman Chemical by 1.5% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 12,327 shares of the basic materials company's stock worth $777,000 after buying an additional 181 shares during the last quarter.  AIA Group Ltd acquired a new stake in shares of  Eastman Chemical in the third quarter worth $836,000.  Allworth Financial LP raised its holdings in shares of  Eastman Chemical by 3.8% during the third quarter. Allworth Financial LP now owns 203,926 shares of the basic materials company's stock worth $12,858,000 after purchasing an additional 7,516 shares during the last quarter.  Sunbelt Securities Inc. lifted its position in  Eastman Chemical by 7.7% during the third quarter. Sunbelt Securities Inc. now owns 3,503 shares of the basic materials company's stock valued at $221,000 after purchasing an additional 249 shares during the period.  Finally, Captrust Financial Advisors boosted its holdings in  Eastman Chemical by 29.2% in the third quarter. Captrust Financial Advisors now owns 32,127 shares of the basic materials company's stock valued at $2,026,000 after purchasing an additional 7,256 shares during the last quarter. Hedge funds and other institutional investors own  83.65% of the company's stock. </p><h2>Eastman Chemical Company Profile</h2> (Get Free Report)<p>Eastman Chemical Company <span>NYSE: EMN<span></span></span> is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.  </p><p>The company's main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.</p><h2>Read More</h2><ul><li>Five stocks we like better than Eastman Chemical</li><li>Why Special Dividends Can be a Delightful Surprise for Income Investors</li><li>MarketBeat Week in Review – 12/15 - 12/19</li><li>How to Invest in Biotech Stocks</li><li>Nike Beats on Earnings But Struggles in China and Faces Tariffs</li><li>How to Invest in Blue Chip Stocks</li><li>Is the AI Boom a Bubble? These 2 Dividend Stocks Say No</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVNTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVNTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Eastman Chemical Right Now?</h2><p>Before you consider Eastman Chemical, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eastman Chemical wasn't on the list.</p><p>While Eastman Chemical currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wells Fargo & Company downgraded Eastman Chemical (NYSE:EMN) from a "strong-buy" to "hold" rating. Other brokerages also adjusted their ratings and price targets for EMN. The stock has a consensus rating of "Moderate Buy" with a target price of $78.77. Eastman Chemical reported quarterly earnings below expectations, with revenue down 10.6% year-over-year. Institutional investors have been active in trading EMN shares. The company specializes in advanced materials and chemicals for various industries.</p>

Eastman Chemical (NYSE:EMN) Downgraded by Wells Fargo & Company to "Hold"