Eastman Chemical (NYSE:EMN) Stock Rating Cut to Neutral at JPMorgan Chase & Co.

Eastman Chemical cut at J.P. Morgan as commodity spreads no longer favorable (EMN:NYSE)

Eastman Chemical downgraded at JPMorgan, which said commodity spreads are no longer favorable as propane prices rise while propylene and ethylene prices fall.

Eastman Chemical (NYSE:EMN) Stock Rating Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded Eastman Chemical from an "overweight" rating to a "neutral" rating and set a $66.00 price objective for the company. in a research note on Friday.

Eastman Chemical (NYSE:EMN) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Eastman Chemical (NYSE:EMN – Free Report) from an overweight rating to a neutral rating in a research report report published on Friday morning, Marketbeat reports. The firm currently has $66.00 price objective on the basic materials company’s stock, down from their previous price objective of $82.00. A number […]

J.P. Morgan Cuts Eastman Chemical to Neutral, Lowers Target to $66

The bank cited less favorable commodity spreads as propane prices rose while propylene and ethylene prices fell. Eastman shares declined 2.6% on Oct. 16.