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Stock impact report

RBC Capital Trims Price Target on Eastman Chemical (EMN) to $71, Maintains Outperform Rating [Yahoo! Finance]

Eastman Chemical Company (EMN) 
Last eastman chemical company earnings: 5/1 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
RBC Capital Trims Price Target on Eastman Chemical (EMN) to $71, Maintains Outperform Rating Photo by NeONBRAND on Unsplash Eastman Chemical Company (NYSE:EMN) is a glob?a?l specialty mate?rial?s manufact?urer that produces a wide variety of pro?ducts use?d in e?veryday life. O?n October 14,? RBC Capital reduced its price target on Eastman Chemical Company (NYSE:EMN) from $74 to $71 while maintaining an Outperf?orm rating. The r?e?vision ca?me as? part of a broader research note reviewi?ng third-quarter expectations for chemica?l? c?ompani?es. Ac?cording to R?BC, disc?ussions with In?vest?or Relation?s teams across the industry suggest that de?mand remained? relatively soft during? Q3.? The firm? noted that b?uilding and const?ruction activity has b?een sub?dued, and although poten?t?ial interest ra?te cuts could offer support, a weak? labor m?arket cont?inues to weigh on ne?w h?ous?in?g sta?r?ts and existing home sales. In addition, demand for cons?umer durables has not show Show less Read more
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