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Stock impact report

Wells Fargo Sees Prolonged Trough Conditions for Chemicals, Downgrades EMN [Yahoo! Finance]

Eastman Chemical Company (EMN) 
Last eastman chemical company earnings: 5/1 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On December 19, Wells Fargo downgraded Eastman Chemical Company (NYSE:EMN) to Equal Weight from Overweight. The firm kept its price target unchanged at $70. The move was part of a broader reset across the chemicals sector. Wells Fargo downgraded four companies, pointing to industry checks that suggest “trough-like conditions” may extend into the first half of 2026. According to the analyst, the group continues to face pressure from a muted recovery in China and sluggish housing markets in both the US and Europe. Interest rate cuts could offer some support over time. Still, Wells Fargo believes meaningful catalysts that would drive valuation recoveries are likely several quarters away. Near-term visibility remains limited. A few weeks earlier, on December 4, Eastman Chemical Company (NYSE:EMN) shared a more shareholder-friendly update. The company's board approved a modest increase in its quarterly dividend, raising it to $0.84 per share from $0.83. The dividend will be paid on Ja Show less Read more
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