From Financial Modeling Prep: 2025-04-03 13:08:00

Mizuho upgrades Eastman Chemical (NYSE:EMN) from Neutral to Outperform, setting a new price target of $105, indicating a potential 27% increase. Eastman’s strong earnings growth sets it apart in the basic chemicals sector, with 80% of operations in the U.S., providing a competitive cost advantage.

Eastman’s diverse product portfolio, with 80% of sales from value-added offerings, ensures revenue stability. No single market contributes more than 10% to revenue, with global automotive films being a key segment. Mizuho also notes progress in Eastman’s circular plastics initiative, transitioning to profitability and driving steady earnings growth.

With a strategic asset base and geographic cost advantage, Eastman is poised for sustained outperformance. Mizuho’s positive outlook is supported by Eastman’s strong earnings trajectory, diversified product portfolio, and progress in circular plastics initiative. The company’s focus on innovation and profitability bodes well for the future.



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