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.