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 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.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here