Eastman Chemical

EMN · NYSE

$63.50+$1.02 (+1.63%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $62.48

EMN analyst rating

HoldConsensus of 12 analysts over the last 12 months. 42% rate it a buy.

Strong buy0
Buy5
Hold7
Underperform0
Sell0

12-month price target · 18 analysts

Average $82.02 (+29.2% upside)

Low: $74.74
Now: $63.50
High: $104.15

Upgrades and downgrades

The latest rating actions, newest first

EMN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 16, 2026	Downgrade	Overweight → Neutral	$82.00 → $66.00	32%
RBC Capital	Oct 13, 2026	Maintains	Sector Perform	$74.00 → $65.00	46%
Barclays	Oct 13, 2026	Initiates	Equal-Weight	$72.00	50%
UBS	Oct 5, 2026	Maintains	Buy	$92.00 → $77.00	49%
Mizuho	Oct 1, 2026	Maintains	Outperform	$85.00 → $80.00	62%
Citigroup	Sep 30, 2026	Maintains	Buy	$81.00 → $76.00	53%
Keybanc	Sep 11, 2026	Initiates	Sector Weight	—	30%
RBC Capital	Aug 5, 2026	Maintains	Sector Perform	$69.00 → $74.00	46%
UBS	Aug 3, 2026	Maintains	Buy	$89.00 → $92.00	49%
Citigroup	Aug 3, 2026	Maintains	Buy	$85.00 → $81.00	53%

The case for and against

Updated Jan 26, 2026

Bull case

Eastman Chemical has strategically shifted its focus toward higher-margin specialty businesses, which now account for approximately 70% of its total offerings, thereby enhancing its earnings consistency. The company's potential for earnings upside is further supported by anticipated improvements in pricing and mix within its specialty segments, particularly in Additives and Functional Products and Advanced Materials. Additionally, with a growing presence in international markets, especially in Asia, and a favorable sentiment towards macroeconomic conditions, Eastman is well-positioned for future growth and profitability.

Bear case

Eastman Chemical has successfully reduced its commodity exposure from approximately 17% in 2010 to around 13% currently by focusing on higher-margin specialty products; however, the company still trades at a low multiple compared to its peers. The recent guidance for lower EBIT in Q3, despite a decent performance in Q2, indicates ongoing operational challenges that could hinder future growth. Furthermore, the identification of pull-forward in Tow demand in Europe suggests that the company may be facing a weakened demand environment, further contributing to a negative outlook on its financial performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.