RBC Capital raised the firm's price target on Eastman Chemical to $82 from $79 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. The company is expecting some material uplift in both Chemical Intermediates and Advanced Materials segments in Q2, though energy and raw material cost volatility are creating uncertainty and volumes remain challenged, especially in Fibers, where destocking is a double-digit headwind, the analyst tells investors in a research note.
