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Bull of the Day

Eastman Chemical (EMN)

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September 11, 2009 | Comment(s): 0
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EMN

We have upgraded our long-term recommendation for Eastman Chemical Company (EMN - Analyst Report), a manufacturer of chemicals, plastics and fiber, to Outperform with a target price of $60.00.

Eastman stands to benefit from its business restructuring and cost-cutting measures, which are expected to result in cost savings of more than $200 million for the full year 2009.

The company's recent quarterly earnings were ahead of the Zacks Consensus and earlier guidance. For the full-year 2009, the company is now guiding towards earnings to be at the higher end of a $2.00 $3.00 range.

Eastman Chemical (EMN) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on EMN

 

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