February 08, 2013 at 09:15 AM EST
Jefferies Raises Price Target on Eastman Chemical (EMN)

Jefferies & Co. reported on Friday that they have increased their price target on chemical company, Eastman Chemical Company(EMN).

The firm, which currently has a “Hold” rating on EMN, has raised its price target to $79. This price target suggests a 8% increase from the stock’s current price of $72.47.

Analysts have increased their price target based on attractive pricing in 2013.

Eastman Chemical shares were mostly flat during premarket trading Friday. The stock has increased 35% in the past year.

The Bottom Line
Shares of Eastman Chemical Company(EMN) have a 1.66% yield, based on Thursday’s closing price of $72.47.

Eastman Chemical Company(EMN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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