Jefferies cuts PT on Eastman Chemical amid macro uncertainty

Eastman Chemical Co

02/10/2025 11:31

** Brokerage Jefferies cuts price target on chemical company Eastman Chemical EMN.N to $78 from $81

** The new price target represents a 25.8% upside to the stock's last close

** Brokerage says given the macro uncertainty, demand trends will be challenged through the end of the year

** "There are pockets of stability in personal care, aerospace & defense and water treatment, but the cyclical end markets likely trend lower" - Jefferies

** Adds that because consumer durables, non‑durables, construction, and autos are weak, sales in these cyclical markets will probably fall about 1–3% in the second half of 2025

** 11 of 19 brokerages rate the stock "buy" or higher, and 8 "hold"; their median PT is $78 - data compiled by LSEG

** Up to last close, stock down 32.15% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))