Eastman Chemical Co rises amid sector rotation despite market decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: Benzinga
Eastman Chemical Co's stock price increased by 3.80%, reaching a 20-day high, even as the broader market showed weakness with the Nasdaq-100 down 0.71% and the S&P 500 down 0.01%.
This rise is attributed to sector rotation, as investors are shifting their focus towards companies like Eastman Chemical Co, which are perceived to have strong fundamentals, despite the overall market trend. The stock's performance indicates a growing interest in the chemical sector, which may be benefiting from specific industry dynamics.
The implications of this movement suggest that Eastman Chemical Co is gaining traction among investors looking for stability and growth opportunities, particularly in a challenging market environment.
Analyst Views on EMN
Wall Street analysts forecast EMN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EMN is 72.00 USD with a low forecast of 68.00 USD and a high forecast of 74.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 69.030
Low
68.00
Averages
72.00
High
74.00
Current: 69.030
Low
68.00
Averages
72.00
High
74.00
About EMN
Eastman Chemical Company is a global specialty materials company that produces a range of products found in items people use every day. Its segments include Advanced Materials (AM), Additives & Functional Products (AFP), Chemical Intermediates (CI), and Fibers. The AM segment produces and markets polymers, films, and plastics with differentiated performance properties for value-added end-uses in transportation; durables and electronics; building and construction; medical and pharma, and consumables end-markets. AFP segment manufactures materials for products in food, feed, and agriculture; transportation; water treatment and energy; personal care and wellness; building and construction; consumables, and durables and electronics end-markets. The CI segment sells intermediates for end-markets, such as industrial chemicals and processing, building and construction, health and wellness, and food and feed. Its Fibers segment manufactures and sells acetate tow and triacetin plasticizers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
